Salem Catholic Schools Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 509,319 | 477,248 | 32,071 | 57.9 | 0% |
| 2012 | 249,617 | 163,927 | 85,690 | 175.0 | 0% |
| 2013 | 201,880 | 225,697 | −23,817 | 141.0 | 0% |
| 2014 | 870,265 | 813,449 | 56,816 | 40.8 | 0% |
| 2015 | 792,196 | 823,812 | −31,616 | 39.8 | 0% |
| 2016 | 645,610 | 575,761 | 69,849 | 58.5 | 0% |
| 2017 | 776,081 | 561,693 | 214,388 | 66.0 | 0% |
| 2018 | 623,450 | 948,102 | −324,652 | 33.7 | 0% |
| 2020 | 3,157,045 | 881,616 | 2,275,429 | 74.4 | 0% |
| 2021 | 743,007 | 569,066 | 173,941 | 122.1 | 0% |
| 2022 | 930,497 | 1,415,387 | −484,890 | 40.9 | 0% |
| 2023 | 1,028,861 | 1,192,187 | −163,326 | 48.5 | 0% |
In its most recent public year (2023), this organization spent $163,326 more than it brought in. Its reserves stood at about 48.5 months of spending, down from 57.9 in 2011. Staff pay was 0% of spending. $162,226 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 Catholic Schools Foundation'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