Seven Arrows Inc

Analysis

Seven Arrows Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seven Arrows Inc reported income of $3.1m and spending of $3.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.1m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seven Arrows Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Free Minds Book Club & Writing Workshop ($3.1m), A Schools Pittsburghs Community Alliance for Public Education ($3.1m) and Laurens Education Assistance for District No 55 ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $156k (5.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.4m against liabilities of $1.6m, net assets of -$203k. It reported 48 employees.