Salem Mennonite Home for the Aged

Analysis

Salem Mennonite Home for the Aged is a registered charity in United States, based in Freeman, SD. It received its IRS tax-exemption ruling in January 1952, 74 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 August 2023, Salem Mennonite Home for the Aged reported income of $626k and spending of $592k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.6m to $626k (-62%), an average of -22% a year. The sharpest change came in the year to August 2023, when income dropped by 65%. 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, Salem Mennonite Home for the Aged sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within SD. Charities of a similar size with the same main cause include Providence House ($626k), Desert Rose Foundation ($626k) and Friends of Seamens Society ($626k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $31k (5.2% of expenses). Other salaries and wages came to $322k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 61 employees.