Shalem Foundation
Shalem Foundation reports significant revenue growth and zero officer compensation in latest filing.
EIN: 133941865 · New York, NY · NTEE: I20 · Updated: 2026-03-28
Is Shalem Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shalem Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shalem Foundation
Shalem Foundation (EIN: 133941865) is a nonprofit organization based in New York, NY, classified under NTEE code I20. The organization reported total revenue of $18.5M and total assets of $37.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shalem Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shalem Foundation is a large nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36.2M |
| Total Expenses | $14.2M |
| Surplus / Deficit | +$22.0M |
| Total Assets | $28.2M |
| Total Liabilities | $1.6M |
| Net Assets | $26.7M |
| Operating Margin | 60.8% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 23.9 months |
Financial Health Grade: A
In 2023, Shalem Foundation reported a surplus of $22.0M with revenue exceeding expenses, holds 23.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Shalem Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +261.0% | +45.4% | +404.6% |
| 2022 | +33.9% | +11.3% | -8.4% |
| 2021 | -11.0% | -18.3% | -14.2% |
| 2020 | +29.3% | +24.3% | -21.4% |
| 2019 | +7.8% | +14.8% | -9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Shalem Foundation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Shalem Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $22.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation directly from the Shalem Foundation, which is highly favorable for donor perception and resource allocation.
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 Shalem Foundation's IRS 990 filings:
- Highly variable financial performance over the years, with expenses exceeding revenue in several periods (e.g., 202012, 201912, 201412).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Shalem Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship and transparency regarding executive pay.
- Significant financial growth and surplus in the latest filing (202312), with revenue of $36,159,584 far exceeding expenses of $14,158,079.
- Substantial increase in assets to $28,237,308 in 2023, demonstrating improved financial stability and capacity.
- Relatively low liabilities compared to assets, indicating a healthy financial position.
Frequently Asked Questions about Shalem Foundation
Is Shalem Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Shalem Foundation (EIN: 133941865) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Shalem Foundation spend its money?
Shalem Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shalem Foundation tax-deductible?
Shalem Foundation is registered as a tax-exempt nonprofit (EIN: 133941865). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Shalem Foundation a good charity?
Based on the available data, particularly the consistent 0% officer compensation and the strong financial performance in the latest filing (202312) with revenue of $36,159,584 significantly exceeding expenses of $14,158,079, Shalem Foundation appears to be a well-managed and financially healthy organization. The lack of executive compensation is a strong indicator of resources being directed towards its mission.
What caused the significant revenue increase in 2023?
The IRS 990 data alone does not specify the exact cause of the revenue increase from $10,016,531 in 2022 to $36,159,584 in 2023. This could be due to a large grant, a successful fundraising campaign, or significant investment returns. Further investigation into the detailed revenue sources in the 2023 filing would be necessary.
How does the foundation manage its assets given the fluctuations?
The foundation's assets have fluctuated significantly, from a low of $4,606,014 in 2014 to a high of $37,603,386 (current) and $28,237,308 in 2023. The substantial increase in assets in 2023 suggests effective asset management or significant capital injections. The liabilities have remained relatively low, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Shalem Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Shalem Foundation's revenue has grown by 333.2%, moving from $8.3M to $36.2M. Total assets increased by 311.9% over the same period, from $6.9M to $28.2M. Total functional expenses rose by 291.6%, from $3.6M to $14.2M. In its most recent filing year (2023), Shalem Foundation reported a surplus of $22.0M, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $28.2M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $26.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36.2M | $14.2M | $28.2M | $1.6M | — | — |
| 2022 | $10.0M | $9.7M | $5.6M | $1.3M | — | View 990 |
| 2021 | $7.5M | $8.7M | $6.1M | $723 | — | View 990 |
| 2020 | $8.4M | $10.7M | $7.1M | $0 | — | View 990 |
| 2019 | $6.5M | $8.6M | $9.1M | $0 | — | View 990 |
| 2018 | $6.0M | $7.5M | $10.0M | $430K | — | View 990 |
| 2017 | $13.2M | $7.6M | $11.6M | $170K | — | View 990 |
| 2016 | $4.7M | $3.8M | $8.6M | $31K | — | View 990 |
| 2015 | $4.2M | $4.1M | $5.9M | $32K | — | View 990 |
| 2014 | $2.7M | $4.3M | $4.6M | $48K | — | View 990 |
| 2013 | $8.0M | $5.5M | $5.5M | $335K | — | View 990 |
| 2012 | $4.1M | $6.3M | $3.1M | $581K | — | View 990 |
| 2011 | $2.2M | $4.2M | $4.9M | $104K | — | View 990 |
| 2010 | $8.3M | $3.6M | $6.9M | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36.2M, expenses of $14.2M, and assets of $28.2M (revenue +261.0% year-over-year).
- 2022: Revenue of $10.0M, expenses of $9.7M, and assets of $5.6M (revenue +33.9% year-over-year).
- 2021: Revenue of $7.5M, expenses of $8.7M, and assets of $6.1M (revenue -11.0% year-over-year).
- 2020: Revenue of $8.4M, expenses of $10.7M, and assets of $7.1M (revenue +29.3% year-over-year).
- 2019: Revenue of $6.5M, expenses of $8.6M, and assets of $9.1M (revenue +7.8% year-over-year).
- 2018: Revenue of $6.0M, expenses of $7.5M, and assets of $10.0M (revenue -54.3% year-over-year).
- 2017: Revenue of $13.2M, expenses of $7.6M, and assets of $11.6M (revenue +180.8% year-over-year).
- 2016: Revenue of $4.7M, expenses of $3.8M, and assets of $8.6M (revenue +10.8% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.1M, and assets of $5.9M (revenue +54.4% year-over-year).
- 2014: Revenue of $2.7M, expenses of $4.3M, and assets of $4.6M (revenue -65.9% year-over-year).
- 2013: Revenue of $8.0M, expenses of $5.5M, and assets of $5.5M (revenue +95.9% year-over-year).
- 2012: Revenue of $4.1M, expenses of $6.3M, and assets of $3.1M (revenue +86.6% year-over-year).
- 2011: Revenue of $2.2M, expenses of $4.2M, and assets of $4.9M (revenue -73.6% year-over-year).
- 2010: Revenue of $8.3M, expenses of $3.6M, and assets of $6.9M.
Data Sources and Methodology
This transparency report for Shalem Foundation 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.