Salem Family Ministries Inc

Analysis

Salem Family Ministries Inc is a registered charity in United States, based in Cathedral Cty, CA. It received its IRS tax-exemption ruling in May 1982, 44 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 Family Ministries Inc reported income of $804k and spending of $542k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $577k to $804k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Family Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Faith Matters Foundation Inc ($804k), Melmark Home Workers Compensation Trust ($804k) and Jewish Federation of Eastern Connecticut Inc ($804k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $289k (53% of expenses). Other salaries and wages came to $104k. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.