7th Street Kids

Analysis

7th Street Kids is a registered charity in United States, based in Hoquiam, WA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, 7th Street Kids reported income of $70k and spending of $58k, spending 82% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $84k to $70k (-17%), an average of -17% a year. The sharpest change came in the year to September 2023, when income dropped by 17%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 7th Street Kids sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 22nd percentile within WA. Charities of a similar size with the same main cause include International Choreographed Ballroom Dance Association Inc ($70k), Childrens Theatre Foundation ($70k) and Traverse City Dance Project ($70k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 33% of the total. At year end it held assets of $281k against liabilities of $1,742, net assets of $279k.