Shalom Family Charitable Foundation
Shalom Family Charitable Foundation shows highly volatile finances with inconsistent revenue and expenses, and no reported officer compensation.
EIN: 207476594 · Needham, MA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $252K |
| Program Spending | 80% |
| Net Assets | $599K |
| Transparency Score | 60/100 |
Is Shalom Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shalom Family Charitable Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shalom Family Charitable Foundation
Shalom Family Charitable Foundation (EIN: 207476594) is a nonprofit organization based in Needham, MA, classified under NTEE code T20. The organization reported total revenue of $1.5M and total assets of $986K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shalom Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shalom Family Charitable Foundation is a mid-size nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $252K |
| Surplus / Deficit | $-159,616 |
| Total Assets | $603K |
| Total Liabilities | $4K |
| Net Assets | $599K |
| Operating Margin | -173.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 28.7 months |
Financial Health Grade: B
In 2023, Shalom Family Charitable Foundation reported a deficit of $160K with expenses exceeding revenue, holds 28.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Shalom Family Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +119.1% | +7.0% | -23.7% |
| 2022 | +62.5% | +12.6% | -17.2% |
| 2021 | -97.5% | +11567.4% | -16.1% |
| 2020 | +545.7% | -98.9% | +887.0% |
| 2019 | +9.9% | +44.6% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Shalom Family Charitable Foundation with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Shalom Family Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $160K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive sign for donor funds being directed towards the mission rather than executive salaries.
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 Shalom Family Charitable Foundation's IRS 990 filings:
- Highly inconsistent financial performance with extreme fluctuations in revenue and expenses.
- Significant operational deficits in multiple years (e.g., 2023: $92,232 revenue vs. $251,848 expenses).
- Unusual financial activity in 2020 with high revenue ($1,024,004) and extremely low expenses ($1,791), which could indicate non-programmatic income or an accounting anomaly.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering spending efficiency assessment.
Strengths
The following positive indicators were identified for Shalom Family Charitable Foundation:
- Consistent reporting of 0% officer compensation, indicating a volunteer-led or minimally compensated leadership.
- Maintained a positive asset base throughout the reporting periods, despite fluctuations.
Frequently Asked Questions about Shalom Family Charitable Foundation
Is Shalom Family Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Shalom Family Charitable Foundation (EIN: 207476594) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Shalom Family Charitable Foundation spend its money?
Shalom Family Charitable Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shalom Family Charitable Foundation tax-deductible?
Shalom Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 207476594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shalom Family Charitable Foundation's spending goes to programs?
Shalom Family Charitable Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shalom Family Charitable Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Shalom Family Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shalom Family Charitable Foundation located?
Shalom Family Charitable Foundation is headquartered in Needham, Massachusetts and files with the IRS under EIN 207476594. It is classified under NTEE code T20.
How many years of IRS 990 filings does Shalom Family Charitable Foundation have?
Shalom Family Charitable Foundation has 10 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 $1.5M in total revenue.
Why was there such a large revenue spike in 2020 ($1,024,004) with minimal expenses ($1,791)?
This significant disparity in 2020 suggests a potential large one-time donation or asset transfer that was not immediately expended, or an accounting anomaly. Without further detail, it's difficult to ascertain if this represents program activity or a capital event.
How does the organization cover its expenses when revenue is consistently lower, as seen in 2023 (Revenue $92,232, Expenses $251,848)?
The organization appears to be drawing down on its assets or relying on prior year surpluses to cover operational deficits in years where expenses exceed revenue. This is not sustainable long-term without new significant funding.
What are the specific program activities and their associated costs?
The provided data does not offer a breakdown of expenses into program, administrative, or fundraising categories, making it impossible to assess the efficiency of program spending.
What is the nature of the 'Latest Revenue' of $1,492,606, given the 2023 revenue was $92,232?
The 'Latest Revenue' figure of $1,492,606 is significantly higher than the reported 2023 revenue of $92,232. This discrepancy suggests that the 'Latest Revenue' might refer to a different reporting period or a cumulative figure, which requires clarification for accurate analysis.
Filing History
IRS 990 filing history for Shalom Family Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Shalom Family Charitable Foundation's revenue has declined by 30.6%, moving from $133K to $92K. Total assets increased by 208.1% over the same period, from $196K to $603K. Total functional expenses rose by 160%, from $97K to $252K. In its most recent filing year (2023), Shalom Family Charitable Foundation reported a deficit of $160K, with expenses exceeding revenue. The organization holds $4K in liabilities against $603K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $599K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $92K | $252K | $603K | $4K | — | — |
| 2022 | $42K | $235K | $790K | $32K | — | View 990 |
| 2021 | $26K | $209K | $954K | $1 | — | View 990 |
| 2020 | $1.0M | $2K | $1.1M | $1 | — | View 990 |
| 2019 | $159K | $159K | $115K | $1 | — | View 990 |
| 2015 | $144K | $110K | $120K | $1 | — | View 990 |
| 2014 | $23K | $76K | $86K | $1 | — | View 990 |
| 2013 | $43K | $79K | $139K | $1 | — | View 990 |
| 2012 | $57K | $78K | $175K | $1 | — | View 990 |
| 2011 | $133K | $97K | $196K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $92K, expenses of $252K, and assets of $603K (revenue +119.1% year-over-year).
- 2022: Revenue of $42K, expenses of $235K, and assets of $790K (revenue +62.5% year-over-year).
- 2021: Revenue of $26K, expenses of $209K, and assets of $954K (revenue -97.5% year-over-year).
- 2020: Revenue of $1.0M, expenses of $2K, and assets of $1.1M (revenue +545.7% year-over-year).
- 2019: Revenue of $159K, expenses of $159K, and assets of $115K (revenue +9.9% year-over-year).
- 2015: Revenue of $144K, expenses of $110K, and assets of $120K (revenue +536.5% year-over-year).
- 2014: Revenue of $23K, expenses of $76K, and assets of $86K (revenue -47.7% year-over-year).
- 2013: Revenue of $43K, expenses of $79K, and assets of $139K (revenue -23.8% year-over-year).
- 2012: Revenue of $57K, expenses of $78K, and assets of $175K (revenue -57.2% year-over-year).
- 2011: Revenue of $133K, expenses of $97K, and assets of $196K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shalom Family Charitable Foundation:
Data Sources and Methodology
This transparency report for Shalom Family Charitable 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.