70x7 Foundation Inc

Analysis

70x7 Foundation Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in June 2017, 9 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, 70x7 Foundation Inc reported income of $129k and spending of $136k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $129k (+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 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 70x7 Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within GA. Charities of a similar size with the same main cause include Childrens Charities of the Midlands ($129k), Columbus Running Charity Fund ($129k) and Punxsutawney Area Community Foundation Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $78k against liabilities of $43k, net assets of $35k.