Salem Area Community Betterment Association

Analysis

Salem Area Community Betterment Association is a registered charity in United States, based in Salem, MO. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Salem Area Community Betterment Association reported income of $289k and spending of $291k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $289k (+488%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 167%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Salem Area Community Betterment Association 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 61st percentile, and in the 58th percentile within MO. Charities of a similar size with the same main cause include Millburn Short Hills Business Organization Inc ($289k), Vision Carthage ($290k) and One in a Million Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $349k against liabilities of $0, net assets of $349k.