Shalom Ministries International Inc

Analysis

Shalom Ministries International Inc is a registered charity in United States, based in Dublin, OH. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries International Inc reported income of $19.9m and spending of $22.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.6m to $19.9m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shalom Ministries International Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Bible Broadcasting Network Incorporated ($19.7m), Insight for Living ($19.9m) and Life Action Ministries ($19.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $537k (2.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $27.1m against liabilities of $943k, net assets of $26.2m. It reported 51 employees.