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 organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seven Hills Foundation Inc reported income of $25.2m and spending of $21.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.7m to $25.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 72% 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 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Life Bridges Inc ($25.2m), Christian Retirement Services Inc Oaknoll Retirement Residence ($25.2m) and Northwest New Jersey Community Action Program Inc ($25.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $2.1m (9.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $216.0m against liabilities of $131.9m, net assets of $84.1m. It reported 3,705 employees.