Salem Academy & College
Only null% goes to programs Strong reserves
Salem Academy & College is a 501(c)(3) organization based in Winston Salem, North Carolina, registered in 1951, with $32,951,649 in FY2024 revenue. CharityIndex grades it B.
601 S Church St, Winston Salem, NC, 27101 EIN 56-0530005 Since 1951
Revenue (FY2024)
$33.0M
▼ 15.3% vs prior year
Education median: $200K
Expenses (FY2024)
$35.7M
Net assets
$90.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Salem Academy & College— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating30 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Salem Academy & College: 30 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Salem Academy & College— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Salem Academy & College: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 601 S Church St, Winston Salem, NC, 27101
- City
- Winston Salem
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Website
- …
Financial trends
Revenue declined from $42.5M (FY2013) to $33.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $23.2MNet assets $90.2M
Operating margin
-8.4%
Spent more than it raised in the latest fiscal year.
Total assets
$113.4M
Total liabilities
$23.2M
Net assets
$90.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $32,951,649▼15.3% | $35,724,749▲7.1% | $90,225,364▲1.0% | $113,423,987▲3.0% | 990 |
| 2023 | $38,903,233▲45.5% | $33,341,491▲9.9% | $89,359,292▲3.6% | $110,111,288▲5.0% | 990 |
| 2022 | $26,737,424▼29.9% | $30,327,637▲8.1% | $86,247,255▼0.1% | $104,896,332▲1.1% | 990 |
| 2021 | $38,128,049▲30.4% | $28,045,179▲13.7% | $86,341,276▼6.8% | $103,796,361▼8.9% | 990 |
| 2020 | $29,232,821▲1.2% | $24,671,600▼21.7% | $92,641,028▲22.5% | $113,881,751▲15.8% | 990 |
| 2019 | $28,898,853▼31.0% | $31,514,402▼15.5% | $75,599,728▼2.6% | $98,321,243▼0.7% | 990 |
| 2018 | $41,882,339▲3.4% | $37,286,396▼13.0% | $77,615,827▲8.8% | $99,050,637▼2.9% | 990 |
| 2017 | $40,493,943▼5.5% | $42,835,787▼4.1% | $71,342,515▼2.8% | $101,972,275▼4.1% | 990 |
| 2016 | $42,843,171▲8.9% | $44,676,791▲4.4% | $73,376,051▲3.2% | $106,354,451▲0.9% | 990 |
| 2015 | $39,342,999▼4.1% | $42,786,539▲4.6% | $71,124,913▼11.1% | $105,372,977▼7.8% | 990 |
| 2014 | $41,017,727▼3.4% | $40,888,728▲9.6% | $80,024,038▼1.5% | $114,321,746▲2.8% | 990 |
| 2013 | $42,452,456 | $37,303,493▲6.0% | $81,252,771▲7.3% | $111,259,335▲5.7% | 990 |
| 2012 | — | $35,184,363▲3.8% | $75,700,464▲5.7% | $105,216,178▲14.7% | 990 |
| 2011 | — | $33,907,392▲10.7% | $71,587,036▼1.1% | $91,726,988▲1.8% | 990 |
| 2010 | — | $30,631,033▲2.9% | $72,356,079▲13.7% | $90,112,437▲10.0% | 990 |
| 2009 | — | $29,765,896 | $63,612,022 | $81,939,651 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $16.2M total
110 grants to Salem Academy & College totaling $16.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Winston-salem Foundation | 78 grant(s) for varying purposes | 2024 | $298,410 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $280,000 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $175,000 |
| Foundation For the Carolinas | Charitable gift | 2024 | $49,994 |
| American Endowment Foundation | Educational | 2024 | $26,000 |
| Community Foundation of Greater Greensboro Inc | General support | 2024 | $23,852 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| North Carolina Community Foundation Inc | To support the organization's stated mission | 2024 | $10,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $7,000 |
| American Online Giving Foundation Inc | General support | 2024 | $5,088 |
| Foundation For the Carolinas | Charitable gift | 2023 | $333,085 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $280,000 |
| Winston-salem Foundation | 74 grant(s) for varying purposes | 2023 | $279,346 |
| Donor Advised Charitable Giving | Education | 2023 | $276,000 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $175,000 |
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Frequently asked questions
- Is Salem Academy & College a legitimate nonprofit?
- Yes. Salem Academy & College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0530005, based in Winston Salem, North Carolina. Donations are tax-deductible.
- What is Salem Academy & College's EIN?
- Salem Academy & College's Employer Identification Number (EIN) is 56-0530005.
- How much revenue does Salem Academy & College report?
- Salem Academy & College reported $32,951,649 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Salem Academy & College have?
- CharityIndex grades Salem Academy & College B, based on financial health (reserves and operating margin).
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Data for Salem Academy & College (EIN 56-0530005) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.