Shalom Farms

Analysis

Shalom Farms is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1971, 55 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, Shalom Farms reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $982k to $1.5m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shalom Farms sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include I58 Global ($1.5m), Street Corner Resource ($1.5m) and City of Refuge Baltimore Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 7.6% of the total. Other salaries and wages came to $952k. At year end it held assets of $1.1m against liabilities of $40k, net assets of $1.1m. It reported 22 employees.