Salem Foundation

Analysis

Salem Foundation is a registered charity in United States, based in Chino, CA. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foundation reported income of $563k and spending of $856k, spending 152% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $164k to $563k (+243%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 876%. Over the whole period it spent 32% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salem Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Alabaster Jar Project ($563k), Darul Sadaqa786 ($563k) and First Presbyterian Church Housing Corporation ($563k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% of the total. At year end it held assets of $7.4m against liabilities of $0, net assets of $7.4m.