Salem Public Library Memorial Fund Association

Analysis

Salem Public Library Memorial Fund Association is a registered charity in United States, based in Salem, OH. It received its IRS tax-exemption ruling in December 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Salem Public Library Memorial Fund Association reported income of $349k and spending of $23k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $349k (+554%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 1870%. Over the whole period it spent 16% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salem Public Library Memorial Fund Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Higher Edge Inc ($349k), Murray Tiger Booster Club Inc ($349k) and Law and Justice Institute ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 1.1% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.