Salem Academy & College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 30,350,316 | 30,631,033 | −280,717 | 28.3 | 33% |
| 2012 | 37,731,178 | 33,907,392 | 3,823,786 | 25.3 | 32% |
| 2013 | 35,915,002 | 35,184,363 | 730,639 | 25.8 | 31% |
| 2014 | 42,452,456 | 37,303,493 | 5,148,963 | 26.1 | 29% |
| 2015 | 41,017,727 | 40,888,728 | 128,999 | 23.5 | 29% |
| 2016 | 39,342,999 | 42,786,539 | −3,443,540 | 19.9 | 28% |
| 2017 | 42,843,171 | 44,676,791 | −1,833,620 | 19.7 | 28% |
| 2018 | 40,493,943 | 42,835,787 | −2,341,844 | 20.0 | 28% |
| 2019 | 41,882,339 | 37,286,396 | 4,595,943 | 25.0 | 26% |
| 2020 | 28,898,853 | 31,514,402 | −2,615,549 | 28.8 | 30% |
| 2021 | 29,232,821 | 24,671,600 | 4,561,221 | 45.1 | 32% |
| 2022 | 38,128,049 | 28,045,179 | 10,082,870 | 36.9 | 32% |
| 2023 | 26,737,424 | 30,327,637 | −3,590,213 | 34.1 | 36% |
In its most recent public year (2023), this organization spent $3,590,213 more than it brought in. Its reserves stood at about 34.1 months of spending, up from 28.3 in 2011. Staff pay was 36% of spending. $73,270,676 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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