Seven Corners Childrens Center Inc

Analysis

Seven Corners Childrens Center Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in March 1998, 28 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 2023, Seven Corners Childrens Center Inc reported income of $766k and spending of $815k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $766k (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seven Corners Childrens Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include McPherson County Council on Aging ($766k), Cotillion Home ($766k) and Crisis Center of the Plains ($766k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $103k (13% of expenses). Other salaries and wages came to $520k. At year end it held assets of $2.2m against liabilities of $72k, net assets of $2.1m. It reported 19 employees.