Salem Villages Incorporated

Analysis

Salem Villages Incorporated is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in December 1993, 33 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 2022, Salem Villages Incorporated reported income of $82k and spending of $11k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income fell from $701k to $82k (-88%), an average of -42% a year. The sharpest change came in the year to December 2022, when income rose by 28114%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Villages Incorporated sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Adelphi Organization ($82k), Eastern Plumas Hospital Foundation Inc ($82k) and Tipp-Monroe Cable Access Commission Inc ($82k).

Compensation of current officers, directors and key employees was $1,500 (14% of expenses). Other salaries and wages came to $500. At year end it held assets of $326k against liabilities of $0, net assets of $326k.