Church of God 7th Day Street

Analysis

Church of God 7th Day Street is a registered charity in United States, based in Salem, WV. It received its IRS tax-exemption ruling in October 1955, 71 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Church of God 7th Day Street reported income of $806k and spending of $595k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $666k to $806k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Church of God 7th Day Street sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within WV. Charities of a similar size with the same main cause include David Adler Cultural Center ($806k), Bethune Nursery School Inc ($806k) and Villa Asoc Jenaro Cortes ($806k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $164k (28% of expenses). At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 8 employees.