Congreagation Shema Shlomo

Analysis

Congreagation Shema Shlomo is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Congreagation Shema Shlomo reported income of $233k and spending of $614k, spending 264% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $262k to $233k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income rose by 283%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Congreagation Shema Shlomo sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Elower-Sicilia Productions Performing Company ($232k), Headfirst Arts & Media Inc ($233k) and Blacksburg Childrens Museum ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $1.8m against liabilities of $4,982, net assets of $1.8m.