7 Benefitltd

Analysis

7 Benefitltd is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, 7 Benefitltd reported income of $57k and spending of $34k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $57k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 7 Benefitltd sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Fayetteville Rotary Foundation Inc ($57k), Common Good Community Foundation ($57k) and Moja Foundation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 250% of the total. At year end it held assets of $60k against liabilities of $9,559, net assets of $50k.