Seven Stories Institute

Analysis

Seven Stories Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Seven Stories Institute reported income of $503k and spending of $525k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $503k (+103%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seven Stories Institute sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Free Mom Hugs Inc ($503k), Vocal Arts Society ($504k) and Film Noir Foundation ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $48k (9.2% of expenses). Other salaries and wages came to $111k. At year end it held assets of $413k against liabilities of $34k, net assets of $379k. It reported 11 employees.