Siloam

Analysis

Siloam is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Siloam reported income of $149k and spending of $274k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $200k to $149k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Siloam sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Friendship Center for New Beginnings Inc ($149k), Dulles South Soup Kitchen ($149k) and Homes for the Exceptional Company Inc ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $120k (44% of expenses). At year end it held assets of $143k against liabilities of $42k, net assets of $101k. It reported 1 employees.