Salem Multi Institute

Analysis

Salem Multi Institute is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Multi Institute reported income of $402k and spending of $398k, spending 99% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $322k to $402k (+25%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salem Multi Institute sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include Theatre33 ($402k), Shevchenko Scientific Society Inc ($402k) and Dance Parade Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). Other salaries and wages came to $48k. At year end it held assets of $346k against liabilities of $14k, net assets of $332k. It reported 4 employees.