Is Salem Health And Wellness Foundation Inc…

Quick charity verification for Salem Health And Wellness Foundation Inc (EIN: 10625542)

Spending Breakdown

How Salem Health And Wellness Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Salem Health And Wellness Foundation Inc

Is Salem Health And Wellness Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Salem Health And Wellness Foundation Inc (EIN: 10625542) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Salem Health And Wellness Foundation Inc a good charity to donate to?

Salem Health And Wellness Foundation Inc has a Mission Score of 75/100. Revenue: $6.3M. Assets: $40.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Salem Health And Wellness Foundation Inc?

The Employer Identification Number (EIN) for Salem Health And Wellness Foundation Inc is 10625542. 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 Salem Health And Wellness Foundation Inc spend its money?

Salem Health And Wellness Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Salem Health And Wellness Foundation Inc's tax-exempt status?

You can verify Salem Health And Wellness Foundation Inc's tax-exempt status using EIN 10625542 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

Salem Health And Wellness Foundation Inc demonstrates a fluctuating financial profile, with significant swings in revenue and expenses over the past decade. For instance, revenue peaked at $59,399,791 in 2018, while expenses reached $53,411,562 in 2014 and $11,274,772 in 2019. More recently, the organization reported revenue of $1,915,172 and expenses of $940,611 in 2023, indicating a positive operating margin for that year. The foundation consistently maintains substantial assets, currently at $40,281,418, which suggests a strong endowment or investment portfolio supporting its mission. 

The organization's spending efficiency appears to vary considerably year-to-year, likely due to the nature of its grant-making or program cycles. The absence of reported officer compensation across all available filings is a notable aspect of its financial structure, suggesting either a volunteer-led executive team or compensation being reported under different categories not specified in the 'Officer Comp' field. This practice, while potentially indicating low overhead in one area, could also raise questions about the full scope of administrative costs if not clearly detailed elsewhere. 

Overall, the foundation appears to be financially stable given its asset base, but its operational efficiency and program impact would benefit from a deeper dive into the specific allocation of its expenses beyond just total figures. The consistent reporting of zero officer compensation is a strong indicator of transparency in that specific area, but a full picture of administrative and fundraising costs would provide greater clarity on overall spending efficiency.

Is Salem Health And Wellness Foundation Inc Legit?

Verdict: Salem Health And Wellness Foundation Inc appears trustworthy

Red Flags

Strengths