Seven Turns Fund Inc
Seven Turns Fund Inc shows extreme financial volatility with recent revenue decline and expenses exceeding income.
EIN: 203992304 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $3.0M |
| Program Spending | 80% |
| Net Assets | $2.1M |
| Transparency Score | 65/100 |
Is Seven Turns Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seven Turns Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seven Turns Fund Inc
Seven Turns Fund Inc (EIN: 203992304) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $2.8M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seven Turns Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seven Turns Fund Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-1,133,340 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -62.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Seven Turns Fund Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Seven Turns Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -104.7% | -84.1% | -22.3% |
| 2021 | -34.7% | -24.0% | +17.9% |
| 2020 | +182.9% | +146.5% | +52.2% |
| 2019 | +368.6% | +474.0% | +25.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Turns Fund Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Seven Turns Fund Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly unusual for an organization of this size and revenue, and suggests a volunteer-led or externally funded leadership structure.
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 Turns Fund Inc's IRS 990 filings:
- Extreme revenue volatility, including negative revenue in 2022.
- Significant operational deficit in 2023 ($1.13 million loss).
- Large fluctuations in assets without clear explanation.
- Lack of detailed expense breakdown in provided data, hindering efficiency analysis.
Strengths
The following positive indicators were identified for Seven Turns Fund Inc:
- Consistently reports zero officer compensation, indicating resources are not diverted to executive salaries.
- Minimal liabilities across all reported periods, suggesting a low debt burden.
- History of significant revenue generation in certain years (e.g., $9M in 2020, $5.9M in 2021).
Frequently Asked Questions about Seven Turns Fund Inc
Is Seven Turns Fund Inc a legitimate charity?
Seven Turns Fund Inc (EIN: 203992304) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.8M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Seven Turns Fund Inc spend its money?
Seven Turns Fund Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Seven Turns Fund Inc tax-deductible?
Seven Turns Fund Inc is registered as a tax-exempt nonprofit (EIN: 203992304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seven Turns Fund Inc's spending goes to programs?
Seven Turns Fund Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seven Turns Fund Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Seven Turns Fund Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seven Turns Fund Inc located?
Seven Turns Fund Inc is headquartered in New York, New York and files with the IRS under EIN 203992304. It is classified under NTEE code T22.
How many years of IRS 990 filings does Seven Turns Fund Inc have?
Seven Turns Fund Inc has 10 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 $2.8M in total revenue.
What caused the significant negative revenue of $-280,581 in 2022?
The provided data does not specify the reason for the negative revenue in 2022. This could be due to significant investment losses, returns of grants, or accounting adjustments, and would require reviewing the full IRS Form 990 for that period.
Why did expenses exceed revenue by over $1 million in 2023?
In 2023, expenses were $2,954,844 while revenue was $1,821,504, resulting in a deficit. The specific reasons for this operational loss are not detailed in the summary data and would necessitate examining the organization's financial statements for that year.
How does Seven Turns Fund Inc manage its assets given the large fluctuations?
Assets have fluctuated significantly, from a high of $5,671,110 in 2021 to $2,086,235 in 2023. The nature of these assets (e.g., investments, property) and the strategy behind their management or disposition are not clear from the summary data.
What is the source of funding for the organization's operations, especially given the zero officer compensation?
The consistent zero officer compensation suggests a unique operational model, possibly relying heavily on volunteers or external support for leadership. The primary sources of revenue are not detailed in the provided summary, making it difficult to ascertain funding stability.
Filing History
IRS 990 filing history for Seven Turns Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Seven Turns Fund Inc's revenue has grown by 191.1%, moving from $626K to $1.8M. Total assets increased by 39.7% over the same period, from $1.5M to $2.1M. Total functional expenses rose by 928.1%, from $287K to $3.0M. In its most recent filing year (2023), Seven Turns Fund Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $3.0M | $2.1M | $1 | — | View 990 |
| 2022 | $-280,581 | $894K | $4.4M | $1 | — | View 990 |
| 2021 | $5.9M | $5.6M | $5.7M | $1 | — | View 990 |
| 2020 | $9.1M | $7.4M | $4.8M | $1 | — | — |
| 2019 | $3.2M | $3.0M | $3.2M | $1 | — | View 990 |
| 2015 | $684K | $524K | $2.5M | $0 | — | View 990 |
| 2014 | $600K | $374K | $2.3M | $0 | — | View 990 |
| 2013 | $629K | $525K | $2.1M | $0 | — | View 990 |
| 2012 | $608K | $161K | $1.9M | $0 | — | View 990 |
| 2011 | $626K | $287K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $3.0M, and assets of $2.1M.
- 2022: Revenue of $-280,581, expenses of $894K, and assets of $4.4M (revenue -104.7% year-over-year).
- 2021: Revenue of $5.9M, expenses of $5.6M, and assets of $5.7M (revenue -34.7% year-over-year).
- 2020: Revenue of $9.1M, expenses of $7.4M, and assets of $4.8M (revenue +182.9% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.0M, and assets of $3.2M (revenue +368.6% year-over-year).
- 2015: Revenue of $684K, expenses of $524K, and assets of $2.5M (revenue +14.0% year-over-year).
- 2014: Revenue of $600K, expenses of $374K, and assets of $2.3M (revenue -4.6% year-over-year).
- 2013: Revenue of $629K, expenses of $525K, and assets of $2.1M (revenue +3.5% year-over-year).
- 2012: Revenue of $608K, expenses of $161K, and assets of $1.9M (revenue -2.9% year-over-year).
- 2011: Revenue of $626K, expenses of $287K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seven Turns Fund Inc:
Data Sources and Methodology
This transparency report for Seven Turns Fund Inc 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.