Salem Public Library Foundation

Analysis

Salem Public Library Foundation is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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 June 2024, Salem Public Library Foundation reported income of $232k and spending of $331k, spending 143% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $344k to $232k (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2023, when income rose by 142%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Public Library Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within OR. Charities of a similar size with the same main cause include Kinetik Cares Foundation ($232k), St Pauls United Methodist Church Endowment Foundation ($232k) and Thomas White Jr Foundation Inc ($232k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $89k (27% of expenses). At year end it held assets of $3.3m against liabilities of $30k, net assets of $3.3m. It reported 1 employees.