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Salem Five Charitable Foundation Inc

Salem Five Charitable Foundation Inc

Salem, MA, US
501(c)(3)
EIN
04-3342405
Open for Solicitation
Private Foundation
Regional Funder
funder logo

Salem Five Charitable Foundation Inc

Salem, MA, US
501(c)(3)
EIN
04-3342405
Open for Solicitation
Private Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$1,401,252

Other
67%
Investments
28%
Contributions
5%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$1,120,808

Grants
87%
Fees to Service Providers
9%
Other
4%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,701,256
$72,100
-97%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$289,570
$390,947
+35%
Other
$926,928
$938,205
+1%
Total Revenues
$3,917,754
$1,401,252
-64%
Expenses
2023
2024
Change
Grants
$580,223
$974,342
+68%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$73,407
$102,339
+39%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$70
$44,127
+62939%
Total Expenses
$653,700
$1,120,808
+71%
Net income
2023
2024
Change
Net income
+$3,264,054
+$280,444
-91%
Income Statement
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