Salem Community Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 13,892,569 | 14,181,026 | −288,457 | -11.4 | 45% |
| 2012 | 14,615,193 | 15,347,209 | −732,016 | -10.7 | 41% |
| 2013 | 14,657,254 | 14,922,651 | −265,397 | -10.2 | 39% |
| 2014 | 15,618,259 | 14,957,764 | 660,495 | -9.2 | 39% |
| 2015 | 14,956,264 | 14,858,517 | 97,747 | -9.2 | 38% |
| 2016 | 15,533,186 | 15,027,885 | 505,301 | -8.0 | 38% |
| 2017 | 16,477,849 | 15,526,030 | 951,819 | -6.2 | 38% |
| 2018 | 17,075,174 | 16,230,847 | 844,327 | -6.6 | 37% |
| 2019 | 17,602,159 | 17,354,409 | 247,750 | -6.5 | 36% |
| 2020 | 20,357,157 | 20,406,463 | −49,306 | -6.0 | 34% |
| 2021 | 20,062,867 | 21,274,508 | −1,211,641 | -5.4 | 33% |
| 2022 | 22,944,953 | 24,201,197 | −1,256,244 | -5.2 | 30% |
| 2023 | 25,483,552 | 26,987,353 | −1,503,801 | -4.8 | 30% |
In its most recent public year (2023), this organization spent $1,503,801 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.8 months), up from -11.4 in 2011. Staff pay was 30% of spending. $2,843,076 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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