Quick charity verification for Salem University Foundation Inc (EIN: 208119190)
Verdict: Salem University Foundation Inc shows mixed signals
45/100Mission Score
$19KRevenue
$31KAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) in recent years.
Significant and continuous decline in total assets from $347,601 in 2018 to $38,265 in 2023.
Low and fluctuating revenue streams, indicating potential instability in funding.
Strengths
No officer compensation reported, indicating efficient use of funds at the executive level.
Zero liabilities across all reported periods, suggesting no outstanding debt.
Spending Breakdown
How Salem University Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 University Foundation Inc
Is Salem University Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salem University Foundation Inc (EIN: 208119190) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Salem University Foundation Inc a good charity to donate to?
Salem University Foundation Inc has a Mission Score of 45/100. Revenue: $19K. Assets: $31K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Salem University Foundation Inc?
The Employer Identification Number (EIN) for Salem University Foundation Inc is 208119190. 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 University Foundation Inc spend its money?
Salem University Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Salem University Foundation Inc's tax-exempt status?
You can verify Salem University Foundation Inc's tax-exempt status using EIN 208119190 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 Salem University Foundation Inc. exhibits a concerning financial trend, with expenses consistently exceeding revenue in recent years. For instance, in 2023, expenses were $44,375 against revenues of $38,742, and in 2022, expenses were $45,588 against revenues of $14,975. This sustained deficit spending has led to a significant decline in assets, from a high of $347,601 in 2018 to $38,265 in 2023. While the organization reports 0% officer compensation, which is a positive for transparency regarding executive pay, the overall financial health appears precarious due to the ongoing depletion of assets to cover operational costs.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent net losses suggest that current revenue streams are insufficient to support its activities. The lack of liabilities across all reported periods indicates a responsible approach to debt, but this is overshadowed by the declining asset base. The foundation's long-term sustainability is questionable given these financial patterns.
Transparency regarding executive compensation is excellent, with no officer compensation reported. However, the broader financial picture, particularly the consistent operating deficits and asset depletion, raises concerns about the organization's ability to effectively fulfill its mission in the long run. A more detailed financial statement would be necessary to fully understand the allocation of expenses and the specific programs being supported.