Salem Arms Community Housing

Analysis

Salem Arms Community Housing is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Arms Community Housing reported income of $290k and spending of $333k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $290k (+0.6%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Arms Community Housing sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Catherine Marian Housing Inc ($290k), Arizona Daily Star Sportsmens Fund Inc ($290k) and Cue Mid-America United Church of Christ PRGRM & Theological Ed Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $72k (22% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1.2m against liabilities of $1.4m, net assets of -$235k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.