Shoresh Inc

Analysis

Shoresh Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1992, 34 years ago. 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 December 2023, Shoresh Inc reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.3m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 190%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shoresh Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include A Chance to Change Foundation ($2.3m), Sacred Heart Center Inc ($2.3m) and East Central Alabama United Cerebral Palsy ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $124k (5.2% of expenses). Other salaries and wages came to $657k. At year end it held assets of $6.4m against liabilities of $106k, net assets of $6.3m. It reported 136 employees.