Pool of Siloam

Analysis

Pool of Siloam is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pool of Siloam reported income of $254k and spending of $106k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $254k (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 39% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pool of Siloam sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Franciscan Connection ($254k), 1billionorg ($254k) and Walnut Ridge Christian Camp Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $733k against liabilities of $0, net assets of $733k.