7117 Ministries Inc

Analysis

7117 Ministries Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, 7117 Ministries Inc reported income of $210k and spending of $211k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $209k to $210k (+0.9%), an average of +0.4% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 7117 Ministries Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Living Word Full Gospel Ministry Inc ($210k), Womens Advocacy Center ($210k) and Beth Ahron Visrael - Bavi Chesed Fund Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $102k (49% of expenses). Other salaries and wages came to $8,446. At year end it held assets of $165k against liabilities of $0, net assets of $165k.