Salem Foundation Pioneer Trust Company Trustee

Analysis

Salem Foundation Pioneer Trust Company Trustee is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in December 1964, 62 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2023, Salem Foundation Pioneer Trust Company Trustee reported income of $3.3m and spending of $4.1m, spending 123% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $4.6m to $3.3m (-28%), an average of -7.9% a year. The sharpest change came in the year to April 2021, when income rose by 93%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Salem Foundation Pioneer Trust Company Trustee sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Southern California Tennis Association Foundation ($3.3m), Wareham Hall Renovation Fund ($3.3m) and Star House Foundation ($3.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $460k (11% of expenses). At year end it held assets of $34.5m against liabilities of $228k, net assets of $34.3m.