Salem Main Street Initiative- Downtown Program is a 501(c)(3) organization based in Salem, Massachusetts, registered in 2016, with $238,895 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$239K
▲ 8.3% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$234K
Net assets
$47K
Employees
—
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 Main Street Initiative- Downtown Program— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Main Street Initiative- Downtown Program: 2 mo reserves · +2% margin earns a B on this criterion. See the exact thresholds →
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 Main Street Initiative- Downtown Program— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Main Street Initiative- Downtown Program: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $113K (FY2015) to $239K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
1.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$50K
Total liabilities
$3,508
Net assets
$47K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $238,895▲8.3% | $234,447▲8.8% | $46,724▲23.7% | $50,232▲20.2% | 990 |
| 2023 | $220,590▼24.7% | $215,560▼18.1% | $37,778▲15.4% | $41,778▲7.2% | 990 |
| 2022 | $292,783▲22.0% | $263,301▲17.6% | $32,748▲903% | $38,964▲72.6% | 990 |
| 2021 | $239,926▲37.8% | $223,965▲28.5% | $3,266▲115% | $22,581▼60.6% | 990 |
| 2020 | $174,110▲61.7% | $174,306▲46.2% | -$21,156▼0.9% | $57,322▲133% | 990 |
| 2019 | $107,662▼22.6% | $119,218▼9.7% | -$20,960▼123% | $24,624▲29.9% | 990 |
| 2018 | $139,171▲24.7% | $132,027▲12.7% | -$9,404▲43.2% | $18,960▲88.1% | 990 |
| 2017 | $111,638▲1.8% | $117,195▼4.9% | -$16,548▼50.6% | $10,080▲109% | 990 |
| 2016 | $109,635▼2.8% | $123,213▲17.0% | -$10,991▼525% | $4,820▼50.3% | 990 |
| 2015 | $112,784 | $105,299▲127% | $2,587▼46.1% | $9,697▼36.6% | 990 |
| 2009 | — | $46,379 | $4,796 | $15,288 | 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.
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Data for Salem Main Street Initiative- Downtown Program (EIN 04-3568130) 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.