Shalom Apartments of Federation Housing Inc

Analysis

Shalom Apartments of Federation Housing Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Shalom Apartments of Federation Housing Inc reported income of $71k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $87k to $71k (-19%), an average of -5.2% a year. Over the whole period it spent 1.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shalom Apartments of Federation Housing Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Morgandale Commons Inc ($71k), Shooting Star Apartments Inc ($71k) and Maxcen Housing Society Inc New Mexico Branch ($71k).

At year end it held assets of $6.2m against liabilities of $370, net assets of $6.2m.