Shalem Healing

Analysis

Shalem Healing is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 2015, 11 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shalem Healing reported income of $2.0m and spending of $1.0m, leaving 49% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $722k to $2.0m (+182%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shalem Healing sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Friends Forever ($2.0m), Ann Arbor Symphony Orchestra Inc ($2.0m) and Bishops College School Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $144k (14% of expenses). Other salaries and wages came to $461k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 11 employees.