Bnai Shalom Synagogue

Analysis

Bnai Shalom Synagogue is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Bnai Shalom Synagogue reported income of $2.8m and spending of $3.1m, spending 112% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.0m to $2.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to July 2021, when income rose by 68%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bnai Shalom Synagogue sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Barrow Group Inc ($2.8m), Fellowship of Associates of Medical Evangelism Inc ($2.8m) and Community Receiving Home Inc ($2.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $216k (6.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.4m against liabilities of $480k, net assets of $4.9m. It reported 97 employees.