Foundation of Shalom Park Inc

Analysis

Foundation of Shalom Park Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Foundation of Shalom Park Inc reported income of $6.0m and spending of $6.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $6.0m (+186%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Foundation of Shalom Park Inc 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 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Amateur Trapshooting Association of America ($6.0m), Beach Futbol Club ($6.1m) and Tee Off Fore Life Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $33.0m against liabilities of $1.4m, net assets of $31.6m. It reported 33 employees.