Shalom Fund Inc

Analysis

Shalom Fund Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shalom Fund Inc reported income of $264k and spending of $9,231, leaving 96% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $202k to $264k (+30%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 2314%. Over the whole period it spent 4.5% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shalom Fund 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 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include The Hope Center Inc ($264k), Gateway Home - Comfort Care Inc ($264k) and Hope Comes Home ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $711k against liabilities of $0, net assets of $711k.