Bet Shalom I Inc
Bet Shalom I Inc maintains stable operations with zero officer compensation, but carries significant liabilities exceeding assets.
EIN: 203387309 · Worcester, MA · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-1,261,220 |
| Transparency Score | 85/100 |
Is Bet Shalom I Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bet Shalom I Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bet Shalom I Inc
Bet Shalom I Inc (EIN: 203387309) is a nonprofit organization based in Worcester, MA, classified under NTEE code L22. The organization reported total revenue of $1.3M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bet Shalom I Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bet Shalom I Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$46K |
| Total Assets | $2.4M |
| Total Liabilities | $3.7M |
| Net Assets | $-1,261,220 |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 152.7% |
| Months of Reserves | 23.8 months |
Financial Health Grade: A
In 2023, Bet Shalom I Inc reported a surplus of $46K with revenue exceeding expenses, holds 23.8 months of operating reserves (strong position), has a debt-to-asset ratio of 152.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bet Shalom I Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +4.4% | +1.4% |
| 2022 | +2.2% | +3.4% | -1.6% |
| 2021 | +1.4% | +1.6% | +1.1% |
| 2020 | +1.4% | +0.8% | -0.4% |
| 2019 | +1.8% | +0.4% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bet Shalom I Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bet Shalom I Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 152.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation, which is highly unusual for an organization with over $1 million in annual revenue and suggests a volunteer-led or externally funded leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bet Shalom I Inc's IRS 990 filings:
- Consistent liabilities significantly exceeding assets, raising questions about long-term financial stability.
- No reported officer compensation for an organization with over $1 million in revenue, which is unusual and warrants further inquiry into leadership structure and compensation practices.
Strengths
The following positive indicators were identified for Bet Shalom I Inc:
- Consistent revenue generation, demonstrating stable operational funding.
- Zero reported officer compensation, indicating a strong commitment to directing funds towards the mission.
- Lean operational expenses, with expenses closely matching revenue, suggesting efficient use of resources.
- Long history of consistent IRS 990 filings (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Bet Shalom I Inc
Is Bet Shalom I Inc a legitimate charity?
Bet Shalom I Inc (EIN: 203387309) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Bet Shalom I Inc spend its money?
Bet Shalom I Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bet Shalom I Inc tax-deductible?
Bet Shalom I Inc is registered as a tax-exempt nonprofit (EIN: 203387309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bet Shalom I Inc CEO make?
Bet Shalom I Inc's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Bet Shalom I Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bet Shalom I Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bet Shalom I Inc located?
Bet Shalom I Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 203387309. It is classified under NTEE code L22.
How many years of IRS 990 filings does Bet Shalom I Inc have?
Bet Shalom I Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
What is the nature of Bet Shalom I Inc's significant liabilities that consistently exceed its assets?
The filings consistently show liabilities significantly higher than assets (e.g., $3,652,559 liabilities vs. $2,391,339 assets in 2023). This could indicate substantial long-term debt, potentially related to property or other capital investments, which would require reviewing the full financial statements for clarification.
How does Bet Shalom I Inc operate without any reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is structured in a way that is not reported as 'officer compensation' on the 990, such as through a related entity or as contractor fees. This is a strong indicator of dedication to mission but also raises questions about sustainability and operational structure.
What is the specific NTEE code L22 and how does it relate to the organization's activities?
NTEE code L22 typically refers to 'Religious Activities, Jewish.' Understanding the specific programs and services offered under this category would provide more context to their financial operations and impact.
Filing History
IRS 990 filing history for Bet Shalom I Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bet Shalom I Inc's revenue has grown by 26.5%, moving from $991K to $1.3M. Total assets decreased by 20.7% over the same period, from $3.0M to $2.4M. Total functional expenses rose by 14.4%, from $1.1M to $1.2M. In its most recent filing year (2023), Bet Shalom I Inc reported a surplus of $46K, with revenue exceeding expenses. The organization holds $3.7M in liabilities against $2.4M in assets (debt-to-asset ratio: 152.7%), resulting in net assets of $-1,261,220.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $2.4M | $3.7M | — | — |
| 2022 | $1.2M | $1.2M | $2.4M | $3.7M | — | View 990 |
| 2021 | $1.2M | $1.1M | $2.4M | $3.7M | — | View 990 |
| 2020 | $1.1M | $1.1M | $2.4M | $3.7M | — | — |
| 2019 | $1.1M | $1.1M | $2.4M | $3.8M | — | View 990 |
| 2018 | $1.1M | $1.1M | $2.4M | $3.9M | — | View 990 |
| 2017 | $1.1M | $1.1M | $2.4M | $3.9M | — | — |
| 2016 | $1.0M | $1.1M | $2.5M | $3.9M | — | View 990 |
| 2015 | $1.0M | $1.1M | $2.6M | $4.0M | — | View 990 |
| 2014 | $1.0M | $1.1M | $2.7M | $4.0M | — | View 990 |
| 2013 | $1.0M | $1.0M | $2.7M | $4.0M | — | View 990 |
| 2012 | $998K | $1.2M | $2.9M | $4.1M | — | View 990 |
| 2011 | $991K | $1.1M | $3.0M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $2.4M (revenue +6.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $2.4M (revenue +2.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $2.4M (revenue +1.4% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $2.4M (revenue +1.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $2.4M (revenue +1.8% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $2.4M (revenue +2.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $2.4M (revenue +2.7% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.1M, and assets of $2.5M (revenue +1.4% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $2.6M (revenue +2.0% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.1M, and assets of $2.7M (revenue +0.0% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.0M, and assets of $2.7M (revenue +1.4% year-over-year).
- 2012: Revenue of $998K, expenses of $1.2M, and assets of $2.9M (revenue +0.6% year-over-year).
- 2011: Revenue of $991K, expenses of $1.1M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bet Shalom I Inc:
Data Sources and Methodology
This transparency report for Bet Shalom I Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.