Salem Childrens Home
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,415,357 | 1,548,361 | −133,004 | 1.4 | 61% |
| 2021 | 2,083,160 | 1,729,309 | 353,851 | 3.7 | 57% |
| 2022 | 2,016,029 | 1,845,985 | 170,044 | 4.6 | 49% |
| 2023 | 1,770,017 | 1,976,064 | −206,047 | 2.6 | 48% |
In its most recent public year (2023), this organization spent $206,047 more than it brought in. Its reserves stood at about 2.6 months of spending, up from 1.4 in 2020. Staff pay was 48% of spending.
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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