Sb7 Coalition Inc

Analysis

Sb7 Coalition Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Sb7 Coalition Inc reported income of $860k and spending of $544k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $9.2m to $860k (-91%), an average of -55% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 17% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sb7 Coalition Inc 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 77th percentile within MD. Charities of a similar size with the same main cause include Mount Olive Development Corporation ($860k), Assistance League of Sacramento ($861k) and Citizens Opportunity for Development & Equality Inc ($859k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $97k (18% of expenses). Other salaries and wages came to $66k. At year end it held assets of $266k against liabilities of $1.4m, net assets of -$1.1m. It reported 2 employees.