Friends of the Salem Senior Center

Analysis

Friends of the Salem Senior Center is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in August 1993, 33 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Salem Senior Center reported income of $395k and spending of $217k, leaving 45% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $289k to $395k (+36%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Salem Senior Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include Sada Charity Preview Inc ($394k), Jamies Dream Team ($395k) and Clarence Schock Scholarship & Fellowship Charitable Trust I ($394k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $60k. At year end it held assets of $471k against liabilities of $924, net assets of $470k. It reported 6 employees.