The Salem Academy

Analysis

The Salem Academy is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Salem Academy reported income of $13.7m and spending of $7.5m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.7m to $13.7m (+142%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 70%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Salem Academy 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 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include Santiam Christian Schools ($13.7m), Association of Schools and Programs of Public Health Inc ($13.7m) and Village Preparatory School Woodland Hills Campus ($13.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $225k (3.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $15.6m against liabilities of $1.2m, net assets of $14.3m. It reported 187 employees.