7 X 24 Exchange Inc
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
7 X 24 Exchange Inc is a 501(c)(6) organization based in Staten Island, New York, registered in 2011, with $5,970,880 in FY2023 revenue. CharityIndex grades it B.
Po Box 61360, Staten Island, NY, 10306 EIN 22-3075802 Since 2011
Revenue (FY2023)
$6.0M
▲ 16.0% vs prior year
Expenses (FY2023)
$5.5M
Net assets
$3.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 7 X 24 Exchange Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 7 X 24 Exchange Inc: 8 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for 7 X 24 Exchange Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 7 X 24 Exchange Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 61360, Staten Island, NY, 10306
- City
- Staten Island
- State
- New York
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $3.8M (FY2018) to $6.0M (FY2023) across 6 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $192KNet assets $3.6M
Operating margin
7.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.8M
Total liabilities
$192K
Net assets
$3.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $5,970,880▲16.0% | $5,542,303▲11.8% | $3,623,908▲16.2% | $3,815,652▲10.7% | 990 |
| 2022 | $5,145,192▲26.0% | $4,958,016▲48.1% | $3,117,557▲2.0% | $3,446,902▼2.5% | 990 |
| 2021 | $4,084,200▲998% | $3,348,296▲202% | $3,057,750▲31.8% | $3,533,540▲21.6% | 990 |
| 2020 | $372,118▼91.3% | $1,107,408▼72.5% | $2,319,892▼23.5% | $2,905,505▼7.0% | 990 |
| 2019 | $4,291,472▲14.3% | $4,027,844▲9.0% | $3,032,196▲12.5% | $3,124,612▲10.5% | 990 |
| 2018 | $3,754,660 | $3,694,320 | $2,694,153 | $2,826,693 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is 7 X 24 Exchange Inc a legitimate nonprofit?
- Yes. 7 X 24 Exchange Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 22-3075802, based in Staten Island, New York.
- What is 7 X 24 Exchange Inc's EIN?
- 7 X 24 Exchange Inc's Employer Identification Number (EIN) is 22-3075802.
- How much revenue does 7 X 24 Exchange Inc report?
- 7 X 24 Exchange Inc reported $5,970,880 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does 7 X 24 Exchange Inc have?
- CharityIndex grades 7 X 24 Exchange Inc B, based on financial health (reserves and operating margin).
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Data for 7 X 24 Exchange Inc (EIN 22-3075802) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.