Shalom Foundation

Analysis

Shalom Foundation is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Shalom Foundation reported income of $906k and spending of $1.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $906k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shalom Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Temple Community Development Corp ($906k), Alliance Community Services ($906k) and Agape Cares Inc ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $91k (8.2% of expenses). At year end it held assets of $1.9m against liabilities of $38k, net assets of $1.8m. It reported 1 employees.