Salem Y Veterans Housing

Analysis

Salem Y Veterans Housing is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salem Y Veterans Housing reported income of $4.5m and spending of $202k, leaving 95% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $339k to $4.5m (+1216%), an average of +136% a year. The sharpest change came in the year to December 2022, when income rose by 728%. Over the whole period it spent 15% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salem Y Veterans Housing sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OR. Charities of a similar size with the same main cause include Meeting the Needs of Our Community Inc ($4.5m), Ascension Manor Inc ($4.5m) and Jas Non Profit Housing Corporation VI ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $7.4m against liabilities of $34k, net assets of $7.3m.