Salem Sound 2000 Inc

Analysis

Salem Sound 2000 Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2023, Salem Sound 2000 Inc reported income of $586k and spending of $529k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $452k to $586k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Salem Sound 2000 Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Center for Responsible Travel ($585k), Sound Future Foundation ($586k) and Edward Street Day Care Center Inc ($585k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Other salaries and wages came to $262k. At year end it held assets of $744k against liabilities of $25k, net assets of $719k. It reported 11 employees.