2nd & 7 Foundation

Analysis

2nd & 7 Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 2nd & 7 Foundation reported income of $598k and spending of $596k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $651k to $598k (-8.1%), an average of -1.7% a year. The sharpest change came in the year to December 2019, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 2nd & 7 Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Nova 94 Feet Inc ($598k), Blast Soccer Club Inc ($598k) and Greater Bridgeport Junior Hockey Association Inc ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $75k (13% of expenses). Other salaries and wages came to $187k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 5 employees.