Sholom Home East Inc

Analysis

Sholom Home East Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 1951, 75 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 September 2023, Sholom Home East Inc reported income of $21.4m and spending of $22.7m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $21.9m to $21.4m (-2.2%), an average of -0.6% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sholom Home East Inc sits at the 98th percentile: it is larger than about 98% 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 Roc USA LLC ($21.4m), Maple Health and Rehabilitation Centers Inc ($21.4m) and Oakwood Village Prairie Ridge Homes Inc ($21.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.4% and program service revenue 93% of the total. Other salaries and wages came to $10.2m. At year end it held assets of $52.6m against liabilities of $23.0m, net assets of $29.6m. It reported 308 employees.