The Shalom Project Inc

Analysis

The Shalom Project Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 2006, 20 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, The Shalom Project Inc reported income of $735k and spending of $594k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $615k to $735k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Shalom Project Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Jcuc Blessing Incorporated ($734k), Manna Global Ministries Inc ($735k) and Bamidbar ($734k).

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 $70k (12% of expenses). Other salaries and wages came to $211k. At year end it held assets of $799k against liabilities of $10k, net assets of $789k. It reported 7 employees.