Salmon Memorial Trust

Analysis

Salmon Memorial Trust is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salmon Memorial Trust reported income of $200k and spending of $149k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $200k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Salmon Memorial Trust sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include DWB Memorial Foundation ($200k), Washington Winter Show Inc ($200k) and Luesther T Mertz Charitable TR ($200k).

Compensation of current officers, directors and key employees was $19k (12% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.