Gallatin Shalom Zone Inc

Analysis

Gallatin Shalom Zone Inc is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Gallatin Shalom Zone Inc reported income of $390k and spending of $545k, spending 140% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $284k to $390k (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gallatin Shalom Zone Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include People of the Sacred Land ($390k), Philadelphia Shipyard Development Corporation ($390k) and Reuse Works ($390k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 18% of the total. Other salaries and wages came to $261k. At year end it held assets of $3.6m against liabilities of $12k, net assets of $3.6m. It reported 4 employees.

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.