Unbridled Spirit 7

Analysis

Unbridled Spirit 7 is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Unbridled Spirit 7 reported income of $300k and spending of $301k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $227k to $300k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unbridled Spirit 7 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 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Childrens Home Society of America ($300k), Jawonio Residential Opportunities II Inc ($300k) and Chilton County Emergency Assistance Center Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $51k (17% of expenses). Other salaries and wages came to $127k. At year end it held assets of $70k against liabilities of $63k, net assets of $6,938. It reported 11 employees.