Shiloh Development Corporation

Analysis

Shiloh Development Corporation is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in August 1997, 29 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 December 2023, Shiloh Development Corporation reported income of $229k and spending of $276k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $229k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shiloh Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include John G Jones Learning Center ($228k), Kids and Dreams Foundation Inc ($229k) and Cultivate Abundance ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Other salaries and wages came to $174k. At year end it held assets of $80k against liabilities of $10k, net assets of $70k. It reported 13 employees.