Ministry Seven

Analysis

Ministry Seven is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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 June 2024, Ministry Seven reported income of $2.1m and spending of $1.3m, leaving 39% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.0m to $2.1m (+105%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ministry Seven sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Stafford Emergency Relief Through Volunteer Efforts of Stafford Coun ($2.1m), Big Brothers Big Sisters of Rhode Island Inc ($2.1m) and National Museum of Forest Service History Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $181k (14% of expenses). Other salaries and wages came to $432k. At year end it held assets of $7.4m against liabilities of $633k, net assets of $6.8m. It reported 26 employees.