The Salem Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,568,242 | 4,742,191 | −173,949 | 7.2 | 63% |
| 2012 | 4,970,540 | 4,946,826 | 23,714 | 7.0 | 51% |
| 2013 | 5,161,995 | 4,614,129 | 547,866 | 9.0 | 52% |
| 2014 | 6,305,913 | 5,706,974 | 598,939 | 8.6 | 47% |
| 2015 | 5,803,009 | 5,714,052 | 88,957 | 8.7 | 47% |
| 2016 | 6,288,363 | 6,049,394 | 238,969 | 8.5 | 47% |
| 2017 | 6,085,492 | 6,015,881 | 69,611 | 8.7 | 48% |
| 2018 | 5,843,082 | 5,888,978 | −45,896 | 9.0 | 51% |
| 2019 | 5,795,808 | 6,071,399 | −275,591 | 8.1 | 51% |
| 2020 | 5,664,542 | 5,721,144 | −56,602 | 8.4 | 53% |
| 2021 | 6,147,968 | 4,283,911 | 1,864,057 | 17.2 | 47% |
| 2022 | 7,213,475 | 6,325,590 | 887,885 | 13.2 | 54% |
| 2023 | 8,061,046 | 7,194,150 | 866,896 | 13.2 | 51% |
| 2024 | 13,713,962 | 7,516,342 | 6,197,620 | 22.9 | 52% |
In its most recent public year (2024), this organization brought in $6,197,620 more than it spent. Its reserves stood at about 22.9 months of spending, up from 7.2 in 2011. Staff pay was 52% of spending. $6,182,263 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 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
The Salem Academy's IRS filings as a feed — one entry per filing year, through 2024. 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