7 Billion Reasons Inc

Analysis

7 Billion Reasons Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, 7 Billion Reasons Inc reported income of $180k and spending of $197k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $205k to $180k (-12%), an average of -6.3% a year. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, 7 Billion Reasons Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include International Partners Cassie Stern Memorial Inc ($180k), Plymouth-Foothills Rotary Club Foundation ($180k) and Head First Development ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $491k against liabilities of $0, net assets of $491k.