Salem Mission Inc

Analysis

Salem Mission Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in August 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 June 2023, Salem Mission Inc reported income of $5.3m and spending of $5.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $5.3m (+117%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salem Mission Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Chicago Lighthouse Industries ($5.2m), Young Mens Christian Association of Pueblo Colo ($5.3m) and Westmoreland County Blind Association ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $201k (3.7% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.7m against liabilities of $1.9m, net assets of $2.8m. It reported 106 employees.