Seven Hills Foundation Inc

Analysis

Seven Hills Foundation Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in May 1996, 30 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 Hills Foundation Inc reported income of $404.2m and spending of $400.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $224.5m to $404.2m (+80%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 25%. 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 Hills Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Barnardos ($403.5m), North Bay Developmental Disabilities Services Inc ($414.8m) and Lutheran Services Florida Inc ($376.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.1m (0.5% of expenses). Other salaries and wages came to $154.1m. At year end it held assets of $279.6m against liabilities of $164.6m, net assets of $115.0m. It reported 4,605 employees.