Salem Art Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,015,245 | 989,574 | 25,671 | 5.0 | 37% |
| 2012 | 1,020,863 | 1,015,880 | 4,983 | 5.0 | 38% |
| 2013 | 1,086,411 | 988,697 | 97,714 | 6.3 | 44% |
| 2014 | 1,326,374 | 1,308,266 | 18,108 | 4.9 | 33% |
| 2015 | 1,533,323 | 1,467,988 | 65,335 | 4.9 | 30% |
| 2016 | 902,041 | 897,594 | 4,447 | 8.1 | 48% |
| 2017 | 961,933 | 868,010 | 93,923 | 9.7 | 47% |
| 2018 | 854,245 | 877,192 | −22,947 | 8.8 | 44% |
| 2019 | 854,206 | 854,264 | −58 | 9.0 | 43% |
| 2020 | 599,563 | 557,398 | 42,165 | 14.7 | 59% |
| 2021 | 459,105 | 609,029 | −149,924 | 10.5 | 14% |
| 2022 | 1,127,465 | 1,012,128 | 115,337 | 7.7 | 38% |
| 2023 | 993,682 | 1,224,693 | −231,011 | 5.1 | 38% |
In its most recent public year (2023), this organization spent $231,011 more than it brought in. Its reserves stood at about 5.1 months of spending. Staff pay was 38% of spending. $463,266 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
Salem Art Association's IRS filings as a feed — one entry per filing year, through 2023. 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