Salem Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,601,550 | 244,927 | 1,356,623 | 223.9 | 0% |
| 2022 | 3,706,863 | 272,169 | 3,434,694 | 318.4 | 0% |
| 2023 | 538,156 | 643,448 | −105,292 | 138.2 | 0% |
| 2024 | 562,881 | 856,269 | −293,388 | 104.3 | 0% |
In its most recent public year (2024), this organization spent $293,388 more than it brought in. Its reserves stood at about 104.3 months of spending, down from 223.9 in 2021. Staff pay was 0% of spending. $2,828,324 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
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