Is Shalom Holistic Health Services Inc Legit?

Quick charity verification for Shalom Holistic Health Services Inc (EIN: 208566062)

Verdict: Shalom Holistic Health Services Inc appears trustworthy

90/100Mission Score
$97KRevenue
$168KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Shalom Holistic Health Services Inc demonstrates consistent growth in revenue and assets over the past four years, indicating a stable financial trajectory. Revenue increased from $61,501 in 2020 to $127,943 in 2023, while assets grew from $126,097 to $192,138 in the same period. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to directing resources towards its mission rather than executive salaries. This also suggests a high degree of volunteer involvement in leadership roles. The organization's spending efficiency appears reasonable, with expenses generally tracking below revenue, allowing for asset growth. For instance, in 2023, expenses were $100,758 against revenues of $127,943, resulting in a surplus. The absence of reported officer compensation enhances its transparency profile, as it clearly shows that no funds are being allocated to executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited. The NTEE code E300 (Mental Health & Crisis Intervention) suggests a focus on direct service delivery, which typically aligns with higher program spending. Overall, Shalom Holistic Health Services Inc appears to be in good financial health, characterized by steady growth, low liabilities, and a transparent approach to executive compensation. The consistent surplus generation and asset accumulation suggest prudent financial management. Further detailed expense breakdowns would enhance the ability to fully evaluate program efficiency and administrative overhead.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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