Salem Hospital Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,495,608 | 3,115,131 | 380,477 | 4.0 | 53% |
| 2021 | 4,161,362 | 3,638,493 | 522,869 | 5.1 | 48% |
| 2022 | 4,059,435 | 3,934,186 | 125,249 | 5.1 | 58% |
| 2023 | 4,474,110 | 4,174,866 | 299,244 | 5.7 | 54% |
In its most recent public year (2023), this organization brought in $299,244 more than it spent. Its reserves stood at about 5.7 months of spending, up from 4 in 2020. Staff pay was 54% 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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