Salem Historical Society Inc

Analysis

Salem Historical Society Inc is a registered charity in United States, based in Salem, OH. It received its IRS tax-exemption ruling in August 1955, 71 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salem Historical Society Inc reported income of $157k and spending of $191k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $158k to $157k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Historical Society Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Lions Club of Taos Inc ($157k), Issaquah Sunset Elementary PTA 2 6 30 ($157k) and Friends of Valley-Wide Foundation ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 23% of the total. At year end it held assets of $2.8m against liabilities of $150k, net assets of $2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.