Shalom Housing Inc

Analysis

Shalom Housing Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in November 1978, 48 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 (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, Shalom Housing Inc reported income of $1.7m and spending of $1.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 19%. 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, Shalom Housing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within RI. Charities of a similar size with the same main cause include Garces Residential Care Services ($1.7m), Focus on Home Inc ($1.7m) and Stewards Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Other salaries and wages came to $423k. At year end it held assets of $2.8m against liabilities of $194k, net assets of $2.6m. It reported 9 employees.