Salem Global Foundation Inc

Analysis

Salem Global Foundation Inc is a registered charity in United States, based in Haddam, CT. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Global Foundation Inc reported income of $81k and spending of $49k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2021 to December 2023, income fell from $103k to $81k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salem Global Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within CT. Charities of a similar size with the same main cause include Jallohs Upright Services of North Carolina ($81k), Friends of the Hadley Council on Aging Incorporated ($81k) and Vintage 901 Incorporated ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.