Salem Mission Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,551,432 | 2,662,298 | −110,866 | 8.4 | 6% |
| 2021 | 4,238,250 | 3,052,739 | 1,185,511 | 12.3 | 5% |
| 2022 | 3,894,909 | 4,158,134 | −263,225 | 8.3 | 4% |
| 2023 | 5,250,372 | 5,371,821 | −121,449 | 6.2 | 52% |
In its most recent public year (2023), this organization spent $121,449 more than it brought in. Its reserves stood at about 6.2 months of spending, down from 8.4 in 2020. Staff pay was 52% of spending. $25,000 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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