Salem Main Street Initiative- Downtown Program
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 112,784 | 105,299 | 7,485 | 0.3 | 45% |
| 2017 | 109,635 | 123,213 | −13,578 | -1.1 | 39% |
| 2018 | 111,638 | 117,195 | −5,557 | -1.7 | 41% |
| 2019 | 139,171 | 132,027 | 7,144 | -0.9 | 36% |
| 2020 | 107,662 | 119,218 | −11,556 | -2.1 | 46% |
| 2021 | 174,110 | 174,306 | −196 | -1.5 | 32% |
| 2022 | 239,926 | 223,965 | 15,961 | 0.2 | 25% |
In its most recent public year (2022), this organization brought in $15,961 more than it spent. Its reserves stood at about 0.2 months of spending. Staff pay was 25% 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 2022. 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
Salem Main Street Initiative- Downtown Program's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works