Housing & Shelter
(L20)
990 on File
SALEM HOMES 2004 INC
Financial strength (30%)
96/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$82K
Total Revenue
$96K
Total Expenses
$642K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
74.5%
Fundraising Efficiency
N/A
Operating Reserve
79.99x
Liability-to-Asset
9.6%
Revenue Diversification
43.1%
Executive Compensation
$0
Compared with Peers
FY 2024
Compared with 2,316 similar organizations
(United States, Housing & Shelter, under $100K in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.5% | 84.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
25.5% | 14.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
80.0 mo | 35.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
9.6% | 3.2% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
43.1% | 99.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
73.2% | 1.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
19.8% | -1.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-16.9% | 9.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $82K | $96K | $642K | 74.5% | 0 |
| 2023 | $48K | $80K | $656K | 78.6% | 0 |
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