Banquet in Salem Inc

Analysis

Banquet in Salem Inc is a registered charity in United States, based in Salem, OH. It received its IRS tax-exemption ruling in June 2005, 21 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 December 2023, Banquet in Salem Inc reported income of $82k and spending of $83k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $82k (-11%), an average of -11% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Banquet in Salem Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Musicfortheworld ($82k), Society of St Vincent de Paul St Mary Conference Seaview Wa ($82k) and Veterans Food Pantry of Northwest Ohio Inc ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.