Sholom Community Alliance

Analysis

Sholom Community Alliance is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sholom Community Alliance reported income of $10.3m and spending of $11.8m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $16.5m to $10.3m (-38%), an average of -11% a year. The sharpest change came in the year to September 2022, when income dropped by 32%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sholom Community Alliance sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Community Affordable Housing Equity Corporation ($10.2m), Glen at Hiland Meadows Inc ($10.3m) and Chicago Metropolitan Housing Development Corporation ($10.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $934k (7.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $35.7m against liabilities of $26.5m, net assets of $9.2m. It reported 97 employees.