Seventh Street Coffee Inc

Analysis

Seventh Street Coffee Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Seventh Street Coffee Inc reported income of $261k and spending of $222k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $300k to $261k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seventh Street Coffee Inc 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 IL. Charities of a similar size with the same main cause include Love Inc of Cuyahoga County ($261k), St Faustina Conference St Vincent Depaul Society ($261k) and Shelter Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 43% of the total. Other salaries and wages came to $98k. At year end it held assets of $72k against liabilities of $0, net assets of $72k. It reported 9 employees.