Beth Sholom Home of Eastern Virginia

Analysis

Beth Sholom Home of Eastern Virginia is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Beth Sholom Home of Eastern Virginia reported income of $43.4m and spending of $23.3m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.7m to $43.4m (+177%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 91%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beth Sholom Home of Eastern Virginia sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Self Help Inc ($43.4m), Area Agency on Aging Region One Incorporated ($43.4m) and Queens Community House Inc ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $657k (2.8% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $43.1m against liabilities of $3.0m, net assets of $40.1m. It reported 418 employees.