Salem Health

Analysis

Salem Health is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Salem Health reported income of $1.01bn and spending of $1.08bn, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $847.7m to $1.01bn (+19%), an average of +4.4% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Salem Health sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OR. Charities of a similar size with the same main cause include Morton Plant Hospital Association Inc ($1.00bn), Grossmont Hospital Corporation ($1.01bn) and Sinai Hospital of Baltimore Inc ($1.00bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11.4m (1.1% of expenses). Other salaries and wages came to $454.3m. At year end it held assets of $2.92bn against liabilities of $1.96bn, net assets of $958.7m. It reported 5,915 employees.