Sholom St Paul Senior Housing Inc

Analysis

Sholom St Paul Senior Housing Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Sholom St Paul Senior Housing Inc reported income of $401k and spending of $489k, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $357k to $401k (+12%), an average of +2.9% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sholom St Paul Senior Housing Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Pleasant Housing Inc ($400k), Hurlburt-Johnson Friendship House Inc ($401k) and Dickson Housing Authority Fund Inc ($400k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $51k. At year end it held assets of $5.0m against liabilities of $5.8m, net assets of -$835k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.