Sholom Verayus Inc

Analysis

Sholom Verayus Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sholom Verayus Inc reported income of $167k and spending of $158k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $167k (+322%), an average of +322% a year. The sharpest change came in the year to December 2023, when income rose by 322%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sholom Verayus Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Linh Buu Buddhist Center-Chua Linh Buu ($167k), Mas Bay Area ($167k) and Zaltho Foundation Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $38k against liabilities of $675, net assets of $37k.