Shalom II Housing Inc

Analysis

Shalom II Housing Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 II Housing Inc reported income of $485k and spending of $533k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $481k to $485k (+0.8%), an average of +0.2% a year. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shalom II Housing Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within RI. Charities of a similar size with the same main cause include Kentuckiana Health Collaborative ($485k), Came to Believe Recovery Inc ($486k) and Deo Clinic Inc ($485k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $70k. At year end it held assets of $852k against liabilities of $88k, net assets of $764k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.