Historic Salem Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 134,551 | 144,124 | −9,573 | 46.3 | 36% |
| 2021 | 105,751 | 85,099 | 20,652 | 82.9 | 26% |
| 2022 | 216,976 | 78,797 | 138,179 | 112.0 | 3% |
| 2023 | 132,464 | 81,176 | 51,288 | 114.8 | 5% |
| 2024 | 166,380 | 122,773 | 43,607 | 82.5 | 10% |
In its most recent public year (2024), this organization brought in $43,607 more than it spent. Its reserves stood at about 82.5 months of spending, up from 46.3 in 2020. Staff pay was 10% 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 2024. 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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