Sholom Foundation

Analysis

Sholom Foundation is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in March 1986, 40 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 September 2023, Sholom Foundation reported income of $4.2m and spending of $3.2m, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.5m to $4.2m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2023, when income rose by 129%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sholom Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include East Ft Bend Human Needs Ministry Inc ($4.2m), Rockingham Nutrition & Meals on Wheels Program ($4.2m) and Abc House Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $241k (7.4% of expenses). Other salaries and wages came to $170k. At year end it held assets of $38.1m against liabilities of $183k, net assets of $37.9m. It reported 5 employees.