South Seventh Corporation

Analysis

South Seventh Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Seventh Corporation reported income of $617k and spending of $489k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $617k (+8.9%), an average of +2.2% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Seventh Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Damascus House Community Development Corporation ($616k), Laguna Cottages for Seniors ($617k) and Dona Petra Santiago Apartments Housing Development Fund Corp ($616k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $122k. At year end it held assets of $839k against liabilities of $783k, net assets of $56k.