Shalveh Inc

Analysis

Shalveh Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Shalveh Inc reported income of $491k and spending of $376k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $252k to $491k (+95%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shalveh Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Jewish Los Angeles Special Needs Financial Services Inc ($491k), St Francis Xavier Conference of St Vincent de Paul ($491k) and C S R a Foundation Property Holding Inc ($491k).

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 $3,600 (1.0% of expenses). At year end it held assets of $173k against liabilities of $0, net assets of $173k.