7more Inc

Analysis

7more Inc is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, 7more Inc reported income of $392k and spending of $421k, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $526k to $392k (-26%), an average of -5.7% a year. The sharpest change came in the year to December 2019, when income dropped by 33%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 7more Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Survivingbreastcancer ($392k), Bright Leadership Institute ($392k) and Fbiaa Membership Assistance Fund ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $142k (34% of expenses). Other salaries and wages came to $16k. At year end it held assets of $67k against liabilities of $5,778, net assets of $61k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.