Salem Child Development Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,355,008 | 5,622,908 | −267,900 | 4.3 | 55% |
| 2021 | 4,441,719 | 4,793,829 | −352,110 | 4.1 | 54% |
| 2022 | 8,735,222 | 6,102,588 | 2,632,634 | 8.4 | 56% |
| 2023 | 5,763,596 | 5,877,035 | −113,439 | 8.6 | 55% |
In its most recent public year (2023), this organization spent $113,439 more than it brought in. Its reserves stood at about 8.6 months of spending, up from 4.3 in 2020. Staff pay was 55% 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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