Seven Helping Hands Foundation
Seven Helping Hands Foundation reports $68,000 operating deficit in latest fiscal year.
EIN: 204044292 · Lehi, UT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24K |
| Total Expenses | $92K |
| Program Spending | 50% |
| Net Assets | $34K |
| Transparency Score | 45/100 |
Is Seven Helping Hands Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seven Helping Hands Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Seven Helping Hands Foundation
Seven Helping Hands Foundation (EIN: 204044292) is a nonprofit organization based in Lehi, UT, classified under NTEE code T20. The organization reported total revenue of $24K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seven Helping Hands Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seven Helping Hands Foundation is a micro nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 131.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $92K |
| Surplus / Deficit | $-68,000 |
| Total Assets | $34K |
| Total Liabilities | $1 |
| Net Assets | $34K |
| Operating Margin | -283.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Seven Helping Hands Foundation reported a deficit of $68K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Seven Helping Hands Foundation's revenue has grown at a compound annual growth rate (CAGR) of 131.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +1740.0% | -66.8% |
| 2022 | -4.0% | +1900.0% | +72.4% |
| 2020 | +4.2% | -92.5% | +72.2% |
| 2019 | +2399900.0% | +33410.0% | +3429100.0% |
| 2015 | +0.0% | — | -90.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seven Helping Hands Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Seven Helping Hands Foundation allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a positive sign for minimizing overhead in this area.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Seven Helping Hands Foundation's IRS 990 filings:
- Significant operating deficit in the latest fiscal year ($68,000 in 202312).
- Volatile expense patterns across different years (e.g., $250 in 2020 vs. $92,000 in 2023).
- Declining assets from $101,782 in 2022 to $33,782 in 2023, indicating asset depletion.
Strengths
The following positive indicators were identified for Seven Helping Hands Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive pay.
- Low liabilities across all reported periods, suggesting minimal debt.
Frequently Asked Questions about Seven Helping Hands Foundation
Is Seven Helping Hands Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Seven Helping Hands Foundation (EIN: 204044292) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Seven Helping Hands Foundation spend its money?
Seven Helping Hands Foundation directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seven Helping Hands Foundation tax-deductible?
Seven Helping Hands Foundation is registered as a tax-exempt nonprofit (EIN: 204044292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seven Helping Hands Foundation's spending goes to programs?
Seven Helping Hands Foundation directs 50% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Seven Helping Hands Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Seven Helping Hands Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seven Helping Hands Foundation located?
Seven Helping Hands Foundation is headquartered in Lehi, Utah and files with the IRS under EIN 204044292. It is classified under NTEE code T20.
How many years of IRS 990 filings does Seven Helping Hands Foundation have?
Seven Helping Hands Foundation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $24K in total revenue.
Why did expenses jump from $5,000 in 2022 to $92,000 in 2023 while revenue remained flat?
The significant increase in expenses from $5,000 in 2022 to $92,000 in 2023, with revenue remaining at $24,000, suggests a major shift in operations or a one-time expenditure. Without further detail on the nature of these expenses, it's difficult to ascertain if they were program-related or administrative.
Is the organization's current financial model sustainable given the recent operating deficit?
An operating deficit of $68,000 in the latest fiscal year (202312) where expenses ($92,000) far exceeded revenue ($24,000) is not sustainable in the long term. The organization would need to either significantly increase its revenue or drastically reduce its expenses to achieve financial stability.
What are the specific programs Seven Helping Hands Foundation is funding?
The provided IRS 990 data does not detail the specific programs or activities undertaken by Seven Helping Hands Foundation. Further investigation into their public statements or website would be necessary to understand their programmatic focus.
Filing History
IRS 990 filing history for Seven Helping Hands Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Seven Helping Hands Foundation's revenue has grown by 2399900%, moving from $1 to $24K. Total assets increased by 337720% over the same period, from $10 to $34K. In its most recent filing year (2023), Seven Helping Hands Foundation reported a deficit of $68K, with expenses exceeding revenue. The organization holds $1 in liabilities against $34K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $34K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $92K | $34K | $1 | — | — |
| 2022 | $24K | $5K | $102K | $1 | — | — |
| 2020 | $25K | $250 | $59K | $1 | — | — |
| 2019 | $24K | $3K | $34K | $1 | — | View 990 |
| 2015 | $1 | $10 | $1 | $1 | — | View 990 |
| 2014 | $1 | $0 | $10 | $1 | — | View 990 |
| 2013 | $1 | $0 | $10 | $0 | — | View 990 |
| 2012 | $1 | $0 | $10 | $0 | — | View 990 |
| 2011 | $1 | $0 | $10 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $92K, and assets of $34K (revenue +0.0% year-over-year).
- 2022: Revenue of $24K, expenses of $5K, and assets of $102K (revenue -4.0% year-over-year).
- 2020: Revenue of $25K, expenses of $250, and assets of $59K (revenue +4.2% year-over-year).
- 2019: Revenue of $24K, expenses of $3K, and assets of $34K (revenue +2399900.0% year-over-year).
- 2015: Revenue of $1, expenses of $10, and assets of $1 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $10 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $10 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $10 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $10.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seven Helping Hands Foundation:
Data Sources and Methodology
This transparency report for Seven Helping Hands Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.