The Seven Project Inc

Analysis

The Seven Project Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Seven Project Inc reported income of $157k and spending of $156k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $99k to $157k (+59%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Seven Project Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include The Power House Alliance Inc ($157k), E I H McClelland Avenue Apartments Inc ($157k) and Kingdom Coummunity Center Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $51k against liabilities of $44k, net assets of $7,841.