Is Peter & Nancy Salter Family Foundation…

Quick charity verification for Peter & Nancy Salter Family Foundation Inc (EIN: 201828772)

Spending Breakdown

How Peter & Nancy Salter Family Foundation Inc allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Peter & Nancy Salter Family Foundation Inc

Is Peter & Nancy Salter Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Peter & Nancy Salter Family Foundation Inc (EIN: 201828772) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Peter & Nancy Salter Family Foundation Inc a good charity to donate to?

Peter & Nancy Salter Family Foundation Inc has a Mission Score of 92/100. Revenue: $1.1M. Assets: $9.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Peter & Nancy Salter Family Foundation Inc?

The Employer Identification Number (EIN) for Peter & Nancy Salter Family Foundation Inc is 201828772. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Peter & Nancy Salter Family Foundation Inc spend its money?

Peter & Nancy Salter Family Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Peter & Nancy Salter Family Foundation Inc's tax-exempt status?

You can verify Peter & Nancy Salter Family Foundation Inc's tax-exempt status using EIN 201828772 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Peter & Nancy Salter Family Foundation Inc demonstrates a consistent commitment to its programmatic mission, as evidenced by its spending patterns. In the latest filing period (202312), the organization reported expenses of $608,762 against revenues of $989,569, indicating a healthy operational surplus. Over the past decade, the foundation has maintained extremely low liabilities, consistently reporting only $1, which suggests strong financial management and minimal reliance on debt. While the foundation's assets have seen a significant decline from a peak of $17,432,995 in 2015 to $8,447,217 in 2023, this is typical for a family foundation that primarily functions as a grant-making entity, distributing its corpus over time. The absence of officer compensation further enhances its transparency and efficiency profile.

The foundation's financial health appears stable, with sufficient assets to continue its grant-making activities. The substantial decrease in assets over time, particularly the drop from $12,819,165 in 2021 to $8,066,410 in 2022, is a notable trend, likely reflecting significant grant distributions. Despite fluctuating revenues, the foundation consistently incurs expenses, indicating active philanthropic engagement. The organization's consistent filing of IRS Form 990s over a decade demonstrates a commitment to transparency, providing a clear historical record of its financial activities.

Overall, the Peter & Nancy Salter Family Foundation Inc appears to be a well-managed philanthropic entity, effectively deploying its resources towards its mission. Its minimal administrative overhead and lack of executive compensation contribute to a high degree of spending efficiency. The consistent public filings ensure a good level of transparency for stakeholders.

Is Peter & Nancy Salter Family Foundation Inc Legit?

Verdict: Peter & Nancy Salter Family Foundation Inc appears trustworthy

Red Flags

Strengths