Salem Village

Analysis

Salem Village is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Village reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $796k to $1.8m (+123%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Salem Village sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Yeshivas Ner Moshe Association ($1.8m), Al Hayat Ministries ($1.8m) and Universal Door Meditation Center ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $71k (4.2% of expenses). Other salaries and wages came to $71k. At year end it held assets of $11.9m against liabilities of $10.6m, net assets of $1.3m. It reported 3 employees.