The Salem Worlds War Memorial Building Association

Analysis

The Salem Worlds War Memorial Building Association is a registered charity in United States, based in Salem, OH. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Salem Worlds War Memorial Building Association reported income of $170k and spending of $69k, leaving 59% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $70k to $170k (+144%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 213%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Salem Worlds War Memorial Building Association sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Pilots for Kids Inc ($170k), No Time to Waste ($170k) and Sparrow Enterprise ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $4,652 (6.7% of expenses). Other salaries and wages came to $12k. At year end it held assets of $731k against liabilities of $603, net assets of $731k.