One 7 Ministries

Analysis

One 7 Ministries is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, One 7 Ministries reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $801k to $1.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, One 7 Ministries sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Boys and Girls Club of the Texas Hill Country ($1.0m), Green Bronx Machine International Inc ($1.0m) and Cumberland Community Development Center Incorporated ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $72k (6.9% of expenses). Other salaries and wages came to $175k. At year end it held assets of $2.6m against liabilities of $11k, net assets of $2.6m. It reported 12 employees.