North Carolina · Nonprofit
SALEM ACADEMY AND COLLEGE
SALEM ACADEMY AND COLLEGE (North Carolina) receives grants from 98 organizations whose IRS filings report $31,626,494 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($5,276,545). 64 of them have funded it in more than one year, and 50% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $33M
- Funders on record
- 98
- Grants received
- $32M
- Net assets
- $90M
What Salem Academy and College does
Mission
Salem Academy and College is a diverse community dedicated to educating girls and women and empowering them to lead. Since 1772, salem academy fosters girls to become compassionate and creative leaders who chart their paths with character, curiosity, and courage. At salem academy, core values such as transformative learning, comprehensive wellness, and inclusive community provide an extraordinary educational experience to prepare students for college and life. Salem college, a premier women's college committed to advancing equity in health and in society, is grounded in the liberal arts. At salem college, core values such as intellectual curiosity, equity and belonging, and courageous leadership develops students' potential to prepare them to create healthier and more equitable communities
As stated on its FY2025 Form 990.
Program
Salem academy & college provides a college education to approximately 386 full time college students, a high school education to approximately 73 full time students (grades 9-12), and provides continuing education to approximately 103 part-time students throughout the community. The college also provides on-campus food services and housing to approximately 215 students who maintain residence on the campus of salem college, and 33 students who maintain residence at salem academy.
$24,393,843 spentof which $10,463,098 as grants$20,373,235 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $24,393,843.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $98M to $114M (+16%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 0% · 2018 0% · 2019 1% · 2020 10% · 2021 16% · 2022 8% · 2023 3% · 2024 0% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
31% of SALEM ACADEMY AND COLLEGE’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Dr Patrice Davis
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 17 funders to 47 funders, grant income rose $401k → $7.1M.
23 of 98 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 50% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of SALEM ACADEMY AND COLLEGE’s funders (the co-funder graph). Top 30 of 98 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
SALEM ACADEMY AND COLLEGE has a broad base — no single funder exceeds 17% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
58% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SALEM ACADEMY AND COLLEGE.
Largest funder’s share by year: 2017 29% · 2018 27% · 2019 68% · 2020 21% · 2021 19% · 2022 36% · 2023 43% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of SALEM ACADEMY AND COLLEGE's funders are still giving 3 years after their first grant; 65% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
50% of SALEM ACADEMY AND COLLEGE's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $16M that is directly attributable, 70% of it comes from funders outside North Carolina, across 24 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $16M arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SALEM ACADEMY AND COLLEGE's revenue fell 23% between 2017 and 2025.
this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025
Government funding SALEM ACADEMY AND COLLEGE receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $6.0M on record.
- Department of Education$5.5M
- National Aeronautics and Space Administration$500k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like SALEM ACADEMY AND COLLEGE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
68% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 1 related entity
- Salem Recreational Fields LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for SALEM ACADEMY AND COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SALEM ACADEMY AND COLLEGE?
- SALEM ACADEMY AND COLLEGE (North Carolina) receives grants from 98 organizations whose IRS filings report $31,626,494 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($5,276,545). 64 of them have funded it in more than one year, and 50% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does SALEM ACADEMY AND COLLEGE have?
- IRS filings report 98 organizations giving $31,626,494 in grants to SALEM ACADEMY AND COLLEGE, 64 of which have funded it in more than one year.
- Who is the largest funder of SALEM ACADEMY AND COLLEGE?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $5,276,545 in grants. The full list of funders is on this page.
- How can an organization like SALEM ACADEMY AND COLLEGE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Salem Academy and College →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 98 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing