THE SALEM FOUNDATION
Income Statement
Fiscal Year Start:
May 1
Revenues in 2025
$9,539,251
Contributions
73%
Other
17%
Investments
11%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2025
$11,381,995
Grants
95%
Salaries & Benefits
4%
Fees to Service Providers
<1%
Other
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2024
2025
Change
Contributions
$8,369,052
$6,928,419
-17%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$834,556
$1,007,155
+21%
Other
$1,169,103
$1,603,677
+37%
Total Revenues
$10,372,711
$9,539,251
-8%
Expenses
2024
2025
Change
Grants
$6,111,186
$10,771,238
+76%
Benefits to Members
$0
$0
-
Salaries & Benefits
$473,953
$504,172
+6%
Fees to Service Providers
$2,746
$54,690
+1892%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$276
$0
-100%
Depreciation
$0
$0
-
Other
$24,910
$51,895
+108%
Total Expenses
$6,613,071
$11,381,995
+72%
Net income
2024
2025
Change
Net income
+$3,759,640
-$1,842,744
-149%
Functional Expenses
Summary
2024
2025
Change
Program
$6,129,142
$10,794,673
+76%
Admin
$483,929
$587,322
+21%
Fundraising
$0
$0
-
Total Expenses
$6,613,071
$11,381,995
+72%
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