Is Salem Mission Inc Legit?

Strengths

Consistent revenue growth over a decade, from $1.1M in 2014 to $5.2M in 2023.
Zero reported officer compensation across all 12 filings, indicating high efficiency and mission focus.
Healthy asset growth from $1.8M in 2014 to $4.6M in 2023, demonstrating financial stability.
Assets consistently exceed liabilities, indicating strong solvency.
NTEE code P20 (Homeless Services) aligns with direct community impact.

Spending Breakdown

How Salem Mission Inc allocates its funds across programs, administration, and fundraising.

90%

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 Salem Mission Inc

Is Salem Mission Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Salem Mission Inc (EIN: 204539306) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Salem Mission Inc a good charity to donate to?

Salem Mission Inc has a Mission Score of 95/100. Revenue: $6.8M. Assets: $5.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Salem Mission Inc?

The Employer Identification Number (EIN) for Salem Mission Inc is 204539306. 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 Mission Inc spend its money?

Salem Mission Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Salem Mission Inc's tax-exempt status?

You can verify Salem Mission Inc's tax-exempt status using EIN 204539306 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 Mission Inc. demonstrates a generally stable financial trajectory with consistent revenue growth over the past decade, culminating in $5,250,372 in revenue for the 202306 period. While expenses have often closely mirrored or slightly exceeded revenue in recent years, such as $5,371,821 in expenses against $5,250,372 in revenue in 202306, the organization maintains a healthy asset base of $4,657,239. The absence of reported officer compensation across all available filings is a significant indicator of strong financial stewardship and a commitment to directing resources towards its mission.

The organization's financial health appears sound, with assets consistently exceeding liabilities, indicating solvency. The growth in assets from $1,835,677 in 201406 to $4,657,239 in 202306 further supports this. The consistent reporting of zero officer compensation suggests a high degree of transparency and a focus on program delivery rather than administrative overhead related to executive pay. This practice is commendable for a nonprofit of its size.

Spending efficiency, while not fully detailed in the provided data, can be inferred to be strong given the lack of executive compensation. The close alignment of expenses to revenue in some periods suggests that the organization is actively deploying its funds to meet its mission rather than accumulating excessive reserves, which is typical for direct service providers. The overall trend points to a well-managed organization with a clear commitment to its stated purpose.

Verdict: Salem Mission Inc appears trustworthy