Salem Research Institute Inc

Analysis

Salem Research Institute Inc is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in January 1993, 33 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Salem Research Institute Inc reported income of $1.6m and spending of $1.8m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $1.6m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to September 2022, when income dropped by 20%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Research Institute Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Connecticut Legal Rights Project Inc ($1.6m), Interfaith Refugee Ministry Inc ($1.6m) and Opensky Policy Institute ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.6% and program service revenue 93% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $3.2m against liabilities of $69k, net assets of $3.1m. It reported 41 employees.