Shalom Ministries Inc

Analysis

Shalom Ministries Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Shalom Ministries Inc reported income of $390k and spending of $352k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $547k to $390k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shalom Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Gateway Prayer Garden ($390k), Peace Promise Inc ($390k) and St Mina Retreat Center ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $112k (32% of expenses). Other salaries and wages came to $36k. At year end it held assets of $1.0m against liabilities of $5,854, net assets of $1.0m. It reported 3 employees.