The Shalom Project Inc
The Shalom Project Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 202136431 · Winston Salem, NC · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $594K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $789K |
| Transparency Score | 92/100 |
Is The Shalom Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Shalom Project Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Shalom Project Inc
The Shalom Project Inc (EIN: 202136431) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code X20. The organization reported total revenue of $1.1M and total assets of $916K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Shalom Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Shalom Project Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $735K |
| Total Expenses | $594K |
| Surplus / Deficit | +$141K |
| Total Assets | $799K |
| Total Liabilities | $10K |
| Net Assets | $789K |
| Operating Margin | 19.2% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, The Shalom Project Inc reported a surplus of $141K with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Shalom Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.3% | +31.3% | +22.2% |
| 2022 | +-0.0% | +18.0% | +26.2% |
| 2021 | -3.3% | -0.2% | +64.3% |
| 2020 | -1.3% | -34.8% | +245.3% |
| 2019 | +111.4% | +116.7% | +40.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
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 The Shalom Project Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Shalom Project Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $141K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size with over $1 million in latest revenue and nearly $1 million in assets. This indicates an extremely low administrative overhead related to top leadership 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 The Shalom Project Inc's IRS 990 filings:
- No reported officer compensation for an organization of this size, which, while positive for efficiency, can sometimes indicate compensation is structured in less transparent ways or that the organization relies heavily on unpaid leadership, which may not be sustainable long-term.
Strengths
The following positive indicators were identified for The Shalom Project Inc:
- Consistent and significant revenue growth, from $206,936 in 2014 to $735,059 in 2023.
- Strong asset growth, from $52,084 in 2014 to $799,032 in 2023, indicating increasing financial stability.
- Expenses consistently lower than revenue in recent years, demonstrating effective financial management and surplus generation.
- Zero reported officer compensation across all filings, suggesting extremely low administrative costs at the leadership level.
- Low liabilities relative to assets, indicating a healthy balance sheet and minimal financial risk.
Frequently Asked Questions about The Shalom Project Inc
Is The Shalom Project Inc a legitimate charity?
The Shalom Project Inc (EIN: 202136431) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does The Shalom Project Inc spend its money?
The Shalom Project Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to The Shalom Project Inc tax-deductible?
The Shalom Project Inc is registered as a tax-exempt nonprofit (EIN: 202136431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Shalom Project Inc CEO make?
The Shalom Project Inc's highest-compensated officer earns $1 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Shalom Project Inc's spending goes to programs?
The Shalom Project Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Shalom Project Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Shalom Project Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Shalom Project Inc located?
The Shalom Project Inc is headquartered in Winston Salem, North Carolina and files with the IRS under EIN 202136431. It is classified under NTEE code X20.
How many years of IRS 990 filings does The Shalom Project Inc have?
The Shalom Project Inc has 14 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 $1.1M in total revenue.
Is The Shalom Project Inc a good charity?
Based on the available financial data, The Shalom Project Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth, efficient spending with low administrative overhead (especially regarding officer compensation), and a clear commitment to its mission as evidenced by its financial stability and asset accumulation.
How has The Shalom Project Inc's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $206,936 in 2014 to $735,059 in 2023, and assets have surged from $52,084 to $799,032 in the same period, indicating robust growth and increasing capacity.
What is The Shalom Project Inc's spending efficiency?
The Shalom Project Inc exhibits high spending efficiency. Expenses are consistently lower than revenue, allowing for surpluses that contribute to asset growth. The absence of reported officer compensation further suggests a very lean administrative structure, maximizing funds for programmatic activities.
Filing History
IRS 990 filing history for The Shalom Project Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Shalom Project Inc's revenue has grown by 519.9%, moving from $119K to $735K. Total assets increased by 5913.6% over the same period, from $13K to $799K. Total functional expenses rose by 203.6%, from $196K to $594K. In its most recent filing year (2023), The Shalom Project Inc reported a surplus of $141K, with revenue exceeding expenses. The organization holds $10K in liabilities against $799K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $789K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $735K | $594K | $799K | $10K | — | — |
| 2022 | $587K | $453K | $654K | $6K | — | View 990 |
| 2021 | $587K | $384K | $518K | $4K | — | View 990 |
| 2020 | $607K | $384K | $315K | $5K | — | — |
| 2019 | $615K | $589K | $91K | $3K | — | View 990 |
| 2018 | $291K | $272K | $65K | $3K | — | View 990 |
| 2017 | $209K | $225K | $49K | $6K | — | View 990 |
| 2016 | $228K | $244K | $66K | $6K | — | View 990 |
| 2015 | $235K | $207K | $81K | $6K | — | View 990 |
| 2014 | $207K | $187K | $52K | $4K | — | View 990 |
| 2013 | $150K | $141K | $35K | $8K | — | View 990 |
| 2012 | $128K | $113K | $30K | $12K | — | View 990 |
| 2011 | $132K | $138K | $7K | $4K | — | View 990 |
| 2010 | $119K | $196K | $13K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $735K, expenses of $594K, and assets of $799K (revenue +25.3% year-over-year).
- 2022: Revenue of $587K, expenses of $453K, and assets of $654K (revenue +-0.0% year-over-year).
- 2021: Revenue of $587K, expenses of $384K, and assets of $518K (revenue -3.3% year-over-year).
- 2020: Revenue of $607K, expenses of $384K, and assets of $315K (revenue -1.3% year-over-year).
- 2019: Revenue of $615K, expenses of $589K, and assets of $91K (revenue +111.4% year-over-year).
- 2018: Revenue of $291K, expenses of $272K, and assets of $65K (revenue +39.5% year-over-year).
- 2017: Revenue of $209K, expenses of $225K, and assets of $49K (revenue -8.7% year-over-year).
- 2016: Revenue of $228K, expenses of $244K, and assets of $66K (revenue -2.9% year-over-year).
- 2015: Revenue of $235K, expenses of $207K, and assets of $81K (revenue +13.7% year-over-year).
- 2014: Revenue of $207K, expenses of $187K, and assets of $52K (revenue +37.9% year-over-year).
- 2013: Revenue of $150K, expenses of $141K, and assets of $35K (revenue +16.9% year-over-year).
- 2012: Revenue of $128K, expenses of $113K, and assets of $30K (revenue -2.6% year-over-year).
- 2011: Revenue of $132K, expenses of $138K, and assets of $7K (revenue +11.1% year-over-year).
- 2010: Revenue of $119K, expenses of $196K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Shalom Project Inc:
Data Sources and Methodology
This transparency report for The Shalom Project 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.