Shalom Ministries Inc

Analysis

Shalom Ministries Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in August 1998, 28 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, Shalom Ministries Inc reported income of $145k and spending of $162k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $145k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shalom Ministries Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within WA. Charities of a similar size with the same main cause include New Florida Follies Inc ($145k), Bella Vita Womens Health Center Inc ($145k) and Silver Spur Therapeutic Riding Center ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $75k. At year end it held assets of $209k against liabilities of $26k, net assets of $184k. It reported 5 employees.