Shalshelet Seminary Inc

Analysis

Shalshelet Seminary Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shalshelet Seminary Inc reported income of $626k and spending of $602k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $428k to $626k (+46%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shalshelet Seminary Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include The Servants Promise a NJ Nonprofit Corporation ($626k), Windmoor Foundation Inc ($626k) and Poiema Foundation ($626k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $40k (6.6% of expenses). Other salaries and wages came to $180k. At year end it held assets of $325k against liabilities of $5,207, net assets of $320k. It reported 23 employees.