Salute Inc

Analysis

Salute Inc is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in April 2006, 20 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 March 2024, Salute Inc reported income of $1.2m and spending of $1.4m, spending 117% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.3m to $1.2m (-12%), an average of -3.1% a year. The sharpest change came in the year to March 2021, when income dropped by 30%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salute Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Senior Adult Activity Center of Indian Valley ($1.2m), Childrens Grief Center of New Mexico Inc ($1.2m) and Hogar de Ninas de Cupey Inc ($1.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $72k (5.2% of expenses). Other salaries and wages came to $186k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 10 employees.