7028 Robotics

Analysis

7028 Robotics is a registered charity in United States, based in Albertville, MN. It received its IRS tax-exemption ruling in January 2020, 6 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 June 2024, 7028 Robotics reported income of $168k and spending of $151k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $90k to $168k (+87%), an average of +87% a year. The sharpest change came in the year to June 2024, when income rose by 87%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 7028 Robotics sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Saddle of Love ($168k), Olney Community Baseball Team Inc ($168k) and Latinos Count Inc ($167k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 46% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.