Shalom Tower Two Inc

Analysis

Shalom Tower Two Inc is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in September 1980, 46 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, Shalom Tower Two Inc reported income of $345k and spending of $313k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $458k to $345k (-25%), an average of -6.9% a year. The sharpest change came in the year to September 2021, when income dropped by 18%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shalom Tower Two Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Getabout Inc ($345k), Kickers FC ($345k) and House of Pais ($345k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $1.0m against liabilities of $102k, net assets of $939k.