I Am 24 7

Analysis

I Am 24 7 is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, I Am 24 7 reported income of $658k and spending of $581k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $549k to $658k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, I Am 24 7 sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include St Louis Bicycleworks Inc ($658k), Rise Up Inc ($658k) and Camp Wannado After School Program Inc ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $119k (20% of expenses). Other salaries and wages came to $194k. At year end it held assets of $1.3m against liabilities of $997, net assets of $1.3m. It reported 5 employees.