Building Shalom Incorporated

Analysis

Building Shalom Incorporated is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Building Shalom Incorporated reported income of $205k and spending of $320k, spending 156% of what it took in. Across the 3 years on record, from June 2022 to December 2023, income fell from $287k to $205k (-28%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Building Shalom Incorporated sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Marion West Inc ($205k), Midham Homes Inc ($206k) and Preserve Jade East Apartments Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $72k (23% of expenses). Other salaries and wages came to $60k. At year end it held assets of $539k against liabilities of $261k, net assets of $278k. It reported 9 employees.