Blazing 7 on 7 Inc

Analysis

Blazing 7 on 7 Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2016, 10 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, Blazing 7 on 7 Inc reported income of $397k and spending of $375k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $275k to $397k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Blazing 7 on 7 Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Top of Michigan Trails Council Inc ($397k), Pennsylvania State Association of County Fairs ($397k) and Hamilton Township Recreation Soccer Association ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $38k. At year end it held assets of $60k against liabilities of $0, net assets of $60k.