Baruch SLS Inc

Analysis

Baruch SLS Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Baruch SLS Inc reported income of $51.0m and spending of $51.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41.1m to $51.0m (+24%), an average of +5.6% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Baruch SLS 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 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Viecare Beaver LLC ($50.5m), Area Housing Authority of County of Ventura ($53.0m) and Amigour Asset Management Ltd ($50.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $834k (1.6% of expenses). Other salaries and wages came to $29.1m. At year end it held assets of $89.7m against liabilities of $70.1m, net assets of $19.6m. It reported 2,247 employees.