Seven Ray Institute Inc
Seven Ray Institute: Financial Instability and Lack of Transparency Raise Concerns
EIN: 222701705 · Phoenix, AZ · Updated: 2026-04-04
Is Seven Ray Institute Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seven Ray Institute Inc
Seven Ray Institute Inc (EIN: 222701705) is a nonprofit organization based in Phoenix, AZ. The organization reported total revenue of $69K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seven Ray Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seven Ray Institute Inc is a micro nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $127K |
| Surplus / Deficit | $-29,549 |
| Total Assets | $93K |
| Net Assets | $93K |
| Operating Margin | -30.3% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2023, Seven Ray Institute Inc reported a deficit of $30K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Seven Ray Institute Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.3% | +26.6% | -24.1% |
| 2022 | -35.6% | +58.4% | -14.4% |
| 2021 | +4.1% | +15.9% | +73.1% |
| 2020 | -16.5% | -61.8% | +346.2% |
| 2019 | +19.1% | +13.2% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1987 |
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 Ray Institute Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Seven Ray Institute Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which, while seemingly positive, raises questions given the organization's operational expenses and lack of detailed program reporting.
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 Ray Institute Inc's IRS 990 filings:
- Consistent net losses: Expenses have exceeded revenue in multiple years (e.g., 2023: $126,936 expenses vs. $97,387 revenue; 2022: $100,271 expenses vs. $79,661 revenue).
- Zero program expenses reported: Despite reporting other expenses, no program service expenses are listed in recent filings, suggesting a lack of direct charitable activity.
- Declining net assets: Net assets have steadily decreased from $143,165 in 2021 to $93,006 in 2023, indicating financial instability.
- Unexplained 'other expenses': A significant portion of expenses is categorized as 'other expenses' without further detail, making it difficult to assess their nature.
- No compensation reported for key personnel: Reporting $0 for all compensation, including officers and directors, is highly unusual for an active organization with expenses.
Strengths
The following positive indicators were identified for Seven Ray Institute Inc:
- Long operational history: The organization has been filing tax returns since at least 2016, indicating a sustained presence.
Frequently Asked Questions about Seven Ray Institute Inc
Is Seven Ray Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Seven Ray Institute Inc (EIN: 222701705) significant concerns. Mission Score: 40/100. 5 red flags identified, 1 strength noted.
How does Seven Ray Institute Inc spend its money?
Detailed spending breakdown data is not yet available for Seven Ray Institute Inc. Check back for updated IRS 990 analysis.
Are donations to Seven Ray Institute Inc tax-deductible?
Seven Ray Institute Inc is registered as a tax-exempt nonprofit (EIN: 222701705). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Seven Ray Institute Inc do?
Seven Ray Institute Inc is a nonprofit organization in the Unknown sector, located in Phoenix, Arizona. It is classified under NTEE code Unknown.
How much revenue does Seven Ray Institute Inc have?
Seven Ray Institute Inc reported total revenue of $68,855. Based on 13 IRS 990 filings on record.
What are Seven Ray Institute Inc's total assets?
Seven Ray Institute Inc holds total assets of $29,260 as reported in IRS 990 filings.
Where is Seven Ray Institute Inc located?
Seven Ray Institute Inc is based in Phoenix, Arizona.
What is Seven Ray Institute Inc's EIN?
Seven Ray Institute Inc's Employer Identification Number (EIN) is 222701705. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Seven Ray Institute Inc?
Seven Ray Institute Inc is classified under NTEE code Unknown (Unknown).
Is Seven Ray Institute Inc a registered 501(c)(3)?
Seven Ray Institute Inc appears in IRS records (EIN: 222701705). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Seven Ray Institute Inc file IRS Form 990?
Yes, Seven Ray Institute Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Seven Ray Institute Inc's revenue in 2023?
In the 202312 filing period, Seven Ray Institute Inc reported total revenue of $97,387, total expenses of $126,936, and net assets of $93,006.
Is Seven Ray Institute Inc's revenue growing or declining?
Seven Ray Institute Inc's revenue is growing. Revenue went from $79,661 (202212) to $97,387 (202312), a +22.3% change. Based on 13 filings on record.
What is Seven Ray Institute Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Seven Ray Institute Inc covers tax period 202312. It shows revenue of $97,387, expenses of $126,936, total assets of $93,006, and liabilities of N/A.
Is Seven Ray Institute Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Seven Ray Institute Inc shows mixed signals. Mission Score: 40/100 (Fair). 5 red flags identified. 1 strength noted.
What are the red flags for Seven Ray Institute Inc?
The following concerns were identified: Consistent net losses: Expenses have exceeded revenue in multiple years (e.g., 2023: $126,936 expenses vs. $97,387 revenue; 2022: $100,271 expenses vs. $79,661 revenue).. Zero program expenses reported: Despite reporting other expenses, no program service expenses are listed in recent filings, suggesting a lack of direct charitable activity.. Declining net assets: Net assets have steadily decreased from $143,165 in 2021 to $93,006 in 2023, indicating financial instability.. Unexplained 'other expenses': A significant portion of expenses is categorized as 'other expenses' without further detail, making it difficult to assess their nature.. No compensation reported for key personnel: Reporting $0 for all compensation, including officers and directors, is highly unusual for an active organization with expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Seven Ray Institute Inc's strengths?
Positive indicators for Seven Ray Institute Inc include: Long operational history: The organization has been filing tax returns since at least 2016, indicating a sustained presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Seven Ray Institute Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which, while seemingly positive, raises questions given the organization's operational expenses and lack of detailed program reporting. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Seven Ray Institute Inc?
- No program service accomplishments or expenses are reported in recent filings. - The organization consistently reports zero compensation for all officers, directors, trustees, and key employees, which is unusual for an organization with reported expenses. - Financial statements show a consistent pattern of expenses exceeding revenue, leading to declining net assets. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 program expenses and $0 executive compensation, what are the primary activities and beneficiaries of Seven Ray Institute Inc, and how are its reported expenses being utilized?
The filings do not provide sufficient detail to answer this. The lack of reported program expenses and compensation, coupled with significant 'other expenses,' makes it impossible to discern the organization's core activities or how its funds are being spent to achieve any stated mission.
Filing History
IRS 990 filing history for Seven Ray Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seven Ray Institute Inc's revenue has declined by 5%, moving from $103K to $97K. Total assets increased by 110.7% over the same period, from $44K to $93K. Total functional expenses rose by 36.6%, from $93K to $127K. In its most recent filing year (2023), Seven Ray Institute Inc reported a deficit of $30K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $97K | $127K | $93K | $0 | — | View 990 |
| 2022 | $80K | $100K | $123K | $0 | — | View 990 |
| 2021 | $124K | $63K | $143K | $0 | — | — |
| 2020 | $119K | $55K | $83K | $0 | — | — |
| 2019 | $142K | $143K | $19K | $0 | — | View 990 |
| 2018 | $120K | $127K | $19K | $0 | — | View 990 |
| 2017 | $125K | $113K | $26K | $0 | — | View 990 |
| 2016 | $122K | $163K | $4K | $0 | — | View 990 |
| 2015 | $104K | $106K | $46K | $498 | — | View 990 |
| 2014 | $110K | $107K | $48K | $0 | — | View 990 |
| 2013 | $92K | $96K | $45K | $1K | — | View 990 |
| 2012 | $104K | $98K | $49K | $1K | — | View 990 |
| 2011 | $103K | $93K | $44K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $97K, expenses of $127K, and assets of $93K (revenue +22.3% year-over-year).
- 2022: Revenue of $80K, expenses of $100K, and assets of $123K (revenue -35.6% year-over-year).
- 2021: Revenue of $124K, expenses of $63K, and assets of $143K (revenue +4.1% year-over-year).
- 2020: Revenue of $119K, expenses of $55K, and assets of $83K (revenue -16.5% year-over-year).
- 2019: Revenue of $142K, expenses of $143K, and assets of $19K (revenue +19.1% year-over-year).
- 2018: Revenue of $120K, expenses of $127K, and assets of $19K (revenue -4.4% year-over-year).
- 2017: Revenue of $125K, expenses of $113K, and assets of $26K (revenue +2.3% year-over-year).
- 2016: Revenue of $122K, expenses of $163K, and assets of $4K (revenue +17.1% year-over-year).
- 2015: Revenue of $104K, expenses of $106K, and assets of $46K (revenue -5.5% year-over-year).
- 2014: Revenue of $110K, expenses of $107K, and assets of $48K (revenue +19.9% year-over-year).
- 2013: Revenue of $92K, expenses of $96K, and assets of $45K (revenue -11.1% year-over-year).
- 2012: Revenue of $104K, expenses of $98K, and assets of $49K (revenue +1.1% year-over-year).
- 2011: Revenue of $103K, expenses of $93K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seven Ray Institute Inc:
Data Sources and Methodology
This transparency report for Seven Ray Institute Inc 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.