Seven Marks Church
Seven Marks Church shows consistent multi-million dollar operations with occasional deficits, and no reported officer compensation.
EIN: 202138893 · Raleigh, NC · NTEE: X21 · Updated: 2026-03-28
Is Seven Marks Church Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seven Marks Church directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seven Marks Church
Seven Marks Church (EIN: 202138893) is a nonprofit organization based in Raleigh, NC, classified under NTEE code X21. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seven Marks Church's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seven Marks Church is a mid-size nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$70K |
| Total Assets | $3.2M |
| Net Assets | $3.2M |
| Operating Margin | 2.4% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2018, Seven Marks Church reported a surplus of $70K with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2018), Seven Marks Church's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -6.4% | -10.2% | +2.3% |
| 2017 | +1.3% | -4.6% | -1.8% |
| 2016 | +0.6% | -0.7% | -7.5% |
| 2015 | -10.5% | +2.4% | -9.0% |
| 2014 | -8.0% | +6.2% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seven Marks Church with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Seven Marks Church allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $70K, with revenue exceeding expenses.
Executive Compensation Analysis
Seven Marks Church consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is categorized differently within their expenses, which limits direct analysis of executive pay relative to the organization's size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Seven Marks Church's IRS 990 filings:
- Latest filing shows $0 revenue and assets, a significant and unexplained change from previous years.
- Recurring operational deficits in multiple years (e.g., 2017, 2016, 2015) where expenses exceeded revenue.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Seven Marks Church:
- Consistent multi-million dollar revenue generation over several years prior to the latest filing.
- Healthy asset base, generally exceeding $3 million, indicating financial stability.
- Minimal liabilities reported in most periods, suggesting good financial management of debt.
- No reported officer compensation, potentially indicating a highly efficient or volunteer-driven leadership structure.
Frequently Asked Questions about Seven Marks Church
Is Seven Marks Church a legitimate charity?
Based on AI analysis of IRS 990 filings, Seven Marks Church (EIN: 202138893) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Seven Marks Church spend its money?
Seven Marks Church directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seven Marks Church tax-deductible?
Seven Marks Church is registered as a tax-exempt nonprofit (EIN: 202138893). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the $0 revenue and assets reported in the latest period?
The latest filing shows $0 in revenue and assets, a significant departure from previous years' multi-million dollar figures. This could indicate a change in reporting, a cessation of operations, or an error, and requires clarification to understand the organization's current status.
How does Seven Marks Church allocate its expenses between programs, administration, and fundraising?
Without a detailed functional expense breakdown from the IRS 990 filings, it is not possible to precisely determine the percentages allocated to programs, administration, and fundraising. This information is crucial for assessing spending efficiency.
Are the officers truly uncompensated, or is their compensation reported under a different category?
The consistent reporting of 0% officer compensation across all filings raises a question about whether the executive leadership is entirely volunteer-based or if compensation is included within other expense categories, impacting the transparency of executive pay.
What is the long-term financial strategy given the recurring operational deficits in some years?
Seven Marks Church experienced operational deficits in 2017 ($3,225,870 expenses vs. $3,169,471 revenue), 2016 ($3,382,875 expenses vs. $3,128,256 revenue), and 2015 ($3,407,967 expenses vs. $3,111,052 revenue). Understanding the strategy to address these occasional shortfalls is important for long-term sustainability.
Filing History
IRS 990 filing history for Seven Marks Church showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Seven Marks Church's revenue has grown by 16.8%, moving from $2.5M to $3.0M. Total assets increased by 56.6% over the same period, from $2.0M to $3.2M. Total functional expenses rose by 60.5%, from $1.8M to $2.9M. In its most recent filing year (2018), Seven Marks Church reported a surplus of $70K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $3.0M | $2.9M | $3.2M | $0 | — | View 990 |
| 2017 | $3.2M | $3.2M | $3.1M | $0 | — | View 990 |
| 2016 | $3.1M | $3.4M | $3.1M | $0 | — | View 990 |
| 2015 | $3.1M | $3.4M | $3.4M | $0 | — | View 990 |
| 2014 | $3.5M | $3.3M | $3.7M | $39K | — | View 990 |
| 2013 | $3.8M | $3.1M | $3.6M | $0 | — | View 990 |
| 2012 | $3.1M | $2.2M | $3.0M | $142K | — | View 990 |
| 2011 | $2.5M | $1.8M | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $3.0M, expenses of $2.9M, and assets of $3.2M (revenue -6.4% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.2M, and assets of $3.1M (revenue +1.3% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.4M, and assets of $3.1M (revenue +0.6% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.4M, and assets of $3.4M (revenue -10.5% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.3M, and assets of $3.7M (revenue -8.0% year-over-year).
- 2013: Revenue of $3.8M, expenses of $3.1M, and assets of $3.6M (revenue +22.1% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.2M, and assets of $3.0M (revenue +21.8% year-over-year).
- 2011: Revenue of $2.5M, expenses of $1.8M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seven Marks Church:
Data Sources and Methodology
This transparency report for Seven Marks Church is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.