Beth Sholom Assisted Living

Analysis

Beth Sholom Assisted Living is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Beth Sholom Assisted Living reported income of $497k and spending of $644k, spending 130% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $495k to $497k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beth Sholom Assisted Living sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Housing Partnerships Inc ($497k), Blue Triangle Multicultural Association Inc ($497k) and Wesley Jackson Highlands Inc ($497k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.5m against liabilities of $7.1m, net assets of -$2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.