Salems Riverfront Carousel Inc

Analysis

Salems Riverfront Carousel Inc is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Salems Riverfront Carousel Inc reported income of $507k and spending of $488k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $507k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Salems Riverfront Carousel Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OR. Charities of a similar size with the same main cause include Little Elm Area Youth Sports Association ($507k), South Bay Aquatics Boosters ($507k) and New England Collegiate Baseball League Inc ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $92k (19% of expenses). Other salaries and wages came to $169k. At year end it held assets of $569k against liabilities of $22k, net assets of $547k. It reported 16 employees.