Salem Inc
Brooklyn Park, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
6 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $840,599↑61% | $766,069↑66% | $1,904,541↑1% | — |
| 2022 | $521,447↑70% | $461,911↑108% | $1,880,578↑186% | — |
| 2021 | $306,201↑22% | $221,981↓6% | $658,362↓45% | — |
| 2020 | $251,766↓28% | $235,538↓19% | $1,200,236↑309% | — |
| 2019 | $350,519↓3% | $290,347↓5% | $293,390↑425% | — |
| 2018 | $361,319 | $305,486 | $55,833 | — |
Frequently Asked Questions
What does Salem Inc do?▼
Salem Inc is a housing & shelter nonprofit organization based in Minnesota. It is classified under NTEE code L50 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Salem Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Salem Inc has a score of 83/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Salem Inc generate?▼
Salem Inc reports $2.5M in annual revenue and holds $1.9M in total assets, based on IRS filings.
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