Shalom of Texas Ministries

Analysis

Shalom of Texas Ministries is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Shalom of Texas Ministries reported income of $413k and spending of $321k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $435k to $413k (-5.1%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shalom of Texas Ministries sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Redeemed Women ($413k), Interhope Inc ($413k) and Jewfolk Media Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $157k (49% of expenses). At year end it held assets of $358k against liabilities of $0, net assets of $358k. It reported 2 employees.