Salem Education Foundation

Analysis

Salem Education Foundation is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Education Foundation reported income of $288k and spending of $226k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $288k (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 254%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salem Education Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Spirit of 67 Foundation ($288k), Kiski Area Instrumental Music Boosters Inc ($288k) and Boston Theological Institute ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $6,000 (2.7% of expenses). At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m.