Salemhaven Inc

Analysis

Salemhaven Inc is a registered charity in United States, based in Salem, NH. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salemhaven Inc reported income of $12.1m and spending of $14.6m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.9m to $12.1m (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Salemhaven Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NH. Charities of a similar size with the same main cause include Inland Valley Drug and Alcohol Recovery Services ($12.1m), Stony Brook Ophthalmology University Faculty Practice Corp ($12.1m) and Jamhi Health & Wellness Inc ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $227k (1.6% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $6.3m against liabilities of $5.3m, net assets of $996k. It reported 164 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.