The Salem Partnership Inc

Analysis

The Salem Partnership Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, The Salem Partnership Inc reported income of $121k and spending of $134k, spending 111% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $118k to $121k (+1.8%), an average of +1.8% a year. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Salem Partnership Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Economic Development Alliance of Hawaii Inc ($121k), Washburn County Economic Development Corporation ($121k) and Tulsa Town Hall Endowment Inc ($121k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 5.7% of the total. At year end it held assets of $211k against liabilities of $2,937, net assets of $208k.