Salem Office of Tourism & Cultural Affairs Inc
Only null% goes to programs Strong reserves Growing revenue
Salem Office of Tourism & Cultural Affairs Inc is a 501(c)(6) organization based in Salem, Massachusetts, registered in 1999, with $1,239,696 in FY2024 revenue. CharityIndex grades it B.
245 Derby St, Salem, MA, 01970 EIN 04-3430140 Since 1999
Revenue (FY2024)
$1.2M
▲ 52.5% vs prior year
Community median: $184K
Expenses (FY2024)
$1.0M
Net assets
$625K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Office of Tourism & Cultural Affairs Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +19% 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 Office of Tourism & Cultural Affairs Inc: 7 mo reserves · +19% margin earns a A 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 Office of Tourism & Cultural Affairs Inc— 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 Office of Tourism & Cultural Affairs Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 245 Derby St, Salem, MA, 01970
- City
- Salem
- State
- Massachusetts
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue grew from $533K (FY2013) to $1.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $766Net assets $625K
Operating margin
19.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$626K
Total liabilities
$766
Net assets
$625K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,239,696▲52.5% | $1,001,314▲7.1% | $625,113▲61.6% | $625,879▲61.8% | 990 |
| 2023 | $812,778▼17.4% | $935,184▼14.0% | $386,731▼22.3% | $386,731▼22.3% | 990 |
| 2022 | $983,890▼0.8% | $1,086,863▲53.6% | $497,757▼17.1% | $497,757▼29.5% | 990 |
| 2021 | $991,960▲77.0% | $707,674▲32.3% | $600,730▲89.8% | $706,312▲53.8% | 990 |
| 2020 | $560,454▲8.5% | $534,901▼5.4% | $316,444▲8.8% | $459,346▲38.2% | 990 |
| 2019 | $516,535▼17.7% | $565,630▼5.8% | $290,891▼14.4% | $332,412▼2.2% | 990 |
| 2018 | $627,775▲8.0% | $600,325▲10.6% | $339,986▲8.8% | $339,986▲8.8% | 990 |
| 2017 | $581,496▲6.8% | $542,649▲5.7% | $312,536▲14.2% | $312,536▲14.2% | 990 |
| 2016 | $544,561▼8.9% | $513,460▲3.3% | $273,689▲12.8% | $273,689▲12.8% | 990 |
| 2015 | $597,833▲21.1% | $496,933▼1.1% | $242,588▲71.2% | $242,588▲71.2% | 990 |
| 2014 | $493,792▼7.4% | $502,300▼7.3% | $141,688▼5.7% | $141,688▼5.7% | 990 |
| 2013 | $533,262 | $541,816▼2.6% | $150,196▼5.4% | $150,196▼5.4% | 990 |
| 2012 | — | $556,417▲20.2% | $158,750▼15.9% | $158,750▼15.9% | 990 |
| 2011 | — | $463,100▲37.9% | $188,661▲44.6% | $188,661▲44.6% | 990 |
| 2009 | — | $335,721 | $130,495 | $130,495 | 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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Compare Salem Office of Tourism & Cultural Affairs Inc
Frequently asked questions
- Is Salem Office of Tourism & Cultural Affairs Inc a legitimate nonprofit?
- Yes. Salem Office of Tourism & Cultural Affairs Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 04-3430140, based in Salem, Massachusetts.
- What is Salem Office of Tourism & Cultural Affairs Inc's EIN?
- Salem Office of Tourism & Cultural Affairs Inc's Employer Identification Number (EIN) is 04-3430140.
- How much revenue does Salem Office of Tourism & Cultural Affairs Inc report?
- Salem Office of Tourism & Cultural Affairs Inc reported $1,239,696 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Salem Office of Tourism & Cultural Affairs Inc have?
- CharityIndex grades Salem Office of Tourism & Cultural Affairs Inc B, based on financial health (reserves and operating margin).
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Data for Salem Office of Tourism & Cultural Affairs Inc (EIN 04-3430140) 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.