Salem Council on Aging Inc Town of Salem

Analysis

Salem Council on Aging Inc Town of Salem is a registered charity in United States, based in Salem, NH. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salem Council on Aging Inc Town of Salem reported income of $101k and spending of $21k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $117k to $101k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salem Council on Aging Inc Town of Salem sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within NH. Charities of a similar size with the same main cause include Hogar Elim Mama Lupita Inc ($101k), Bucks for Kids ($101k) and Small Victories ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $899k against liabilities of $0, net assets of $899k.