Salem Housing Development Corporation

Analysis

Salem Housing Development Corporation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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, Salem Housing Development Corporation reported income of $512k and spending of $521k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $526k to $512k (-2.7%), an average of -0.7% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Housing Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NE. Charities of a similar size with the same main cause include National Field Archery Association Foundation ($512k), Bethany Birches Camp Inc ($512k) and Pinnacle Partnerships Corporation ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $108k. At year end it held assets of $880k against liabilities of $1.7m, net assets of -$797k. It reported 6 employees.