Sholom Home West Inc

Analysis

Sholom Home West Inc is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in May 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sholom Home West Inc reported income of $17.1m and spending of $20.3m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $17.2m to $17.1m (-0.3%), an average of -0.1% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sholom Home West Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Solebury School ($17.1m), International Child Resource Exchange Institute ($17.1m) and Gateway Counseling Center Inc ($17.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Other salaries and wages came to $10.8m. At year end it held assets of $9.5m against liabilities of $6.3m, net assets of $3.2m. It reported 217 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.