Bet Shalom I Inc

Analysis

Bet Shalom I Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bet Shalom I Inc reported income of $1.3m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+12%), an average of +2.8% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bet Shalom I Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Plaza de Los Ancianos de Wilson Housing Development Fund Co Inc ($1.3m), Housing for Hope Inc ($1.3m) and Habitat for Humanity International Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 28% of the total. At year end it held assets of $2.4m against liabilities of $3.7m, net assets of -$1.3m.