Seven Baskets Community Development Corporation

Analysis

Seven Baskets Community Development Corporation is a registered charity in United States, based in Hilliard, OH. It received its IRS tax-exemption ruling in April 2015, 11 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 May 2024, Seven Baskets Community Development Corporation reported income of $260k and spending of $245k, spending 94% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $200k to $260k (+30%), an average of +30% a year. The sharpest change came in the year to May 2024, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seven Baskets Community Development Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Gchfa ($260k), Interfaith Service Council Inc Lancaster and Northumberland ($260k) and Our Community Kitchen LLC ($260k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $142k (58% of expenses). At year end it held assets of $276k against liabilities of $0, net assets of $276k. It reported 10 employees.