Shalem Institute for Spiritual Formation Inc

Analysis

Shalem Institute for Spiritual Formation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Shalem Institute for Spiritual Formation Inc reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $1.5m (+20%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shalem Institute for Spiritual Formation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include Capitol Commission Inc ($1.5m), Refuge Inc ($1.5m) and International Mahavira Jain Mission ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $118k (8.4% of expenses). Other salaries and wages came to $358k. At year end it held assets of $3.8m against liabilities of $176k, net assets of $3.6m. It reported 9 employees.