Shalom Ministries Inc

Analysis

Shalom Ministries Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 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 June 2024, Shalom Ministries Inc reported income of $79k and spending of $77k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $83k to $79k (-5.1%), an average of -5.1% a year. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shalom Ministries Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within NM. Charities of a similar size with the same main cause include Glorious Praise Chapel International ($79k), Telford Prison Ministries Inc ($79k) and Harmony Grove Spiritualist Association ($79k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,062 against liabilities of $10k, net assets of -$8,971.