Seven Hills Foundation Inc

Analysis

Seven Hills Foundation Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2022, Seven Hills Foundation Inc reported income of $2.5m and spending of $3.1m, spending 122% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income fell from $5.1m to $2.5m (-51%), an average of -30% a year. The sharpest change came in the year to June 2022, when income dropped by 44%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seven Hills Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Kingdom Pathways ($2.5m), Franklins Promise Coalition Incorporated ($2.5m) and Lazarus House ($2.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 1.2% and program service revenue 102% of the total. Compensation of current officers, directors and key employees was $152k (4.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.7m against liabilities of $111k, net assets of $1.6m. It reported 81 employees.