Salem Office Of Tourism & Cultural Affairs Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 472,675 | 453,434 | 19,241 | 4.0 | 22% |
| 2012 | 502,025 | 463,100 | 38,925 | 4.9 | 23% |
| 2013 | 526,506 | 556,417 | −29,911 | 3.4 | 19% |
| 2014 | 533,262 | 541,816 | −8,554 | 3.3 | 23% |
| 2015 | 493,792 | 502,300 | −8,508 | 3.4 | 25% |
| 2016 | 597,833 | 496,933 | 100,900 | 5.9 | 26% |
| 2017 | 544,561 | 513,460 | 31,101 | 6.4 | 27% |
| 2018 | 581,496 | 542,649 | 38,847 | 6.9 | 30% |
| 2019 | 627,775 | 600,325 | 27,450 | 6.8 | 28% |
| 2020 | 516,535 | 565,630 | −49,095 | 6.2 | 32% |
| 2021 | 560,454 | 534,901 | 25,553 | 7.1 | 33% |
| 2022 | 991,960 | 707,674 | 284,286 | 10.2 | 26% |
| 2023 | 983,890 | 1,086,863 | −102,973 | 5.5 | 24% |
In its most recent public year (2023), this organization spent $102,973 more than it brought in. Its reserves stood at about 5.5 months of spending, up from 4 in 2011. Staff pay was 24% 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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