Lack of detailed program expense breakdown in summary data (minor concern for full analysis)
Strengths
Strong financial growth and asset accumulation (Assets grew from $1.2M in 2014 to $6.2M in 2023)
Consistent revenue generation exceeding expenses (e.g., $2.08M revenue vs $0.42M expenses in 2023)
No reported officer compensation across all filings, indicating high efficiency and volunteer leadership
Low liabilities relative to assets, demonstrating financial stability
Consistent IRS 990 filing history, indicating good transparency
Spending Breakdown
How Salisbury Housing Committee Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Salisbury Housing Committee Inc
Is Salisbury Housing Committee Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salisbury Housing Committee Inc (EIN: 115309016) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Salisbury Housing Committee Inc a good charity to donate to?
Salisbury Housing Committee Inc has a Mission Score of 92/100. Revenue: $3.6M. Assets: $8.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Salisbury Housing Committee Inc?
The Employer Identification Number (EIN) for Salisbury Housing Committee Inc is 115309016. 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 Salisbury Housing Committee Inc spend its money?
Salisbury Housing Committee Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Salisbury Housing Committee Inc's tax-exempt status?
You can verify Salisbury Housing Committee Inc's tax-exempt status using EIN 115309016 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
Salisbury Housing Committee Inc demonstrates strong financial health and a clear commitment to its program services. In the latest filing period (202312), the organization reported revenue of $2,083,018 against expenses of $421,118, indicating a significant surplus that contributes to its growing asset base of $6,209,021. This trend of revenue exceeding expenses is consistent across recent years, allowing for substantial asset growth from $3,456,878 in 2020 to over $6 million in 2023. The organization's liabilities are also well-managed relative to its assets, suggesting financial stability.
The spending efficiency appears very high, with expenses consistently much lower than revenue, implying a focus on building capacity or reserves for future projects, which is common for housing development organizations. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, further enhancing efficiency. While specific program spending details are not provided in the summary data, the overall financial picture points to a well-managed and fiscally responsible entity.
Transparency is generally good, with consistent IRS 990 filings available. The lack of officer compensation is a positive indicator of resource allocation directly to the mission. To further enhance transparency, more detailed breakdowns of program expenses would be beneficial, though the overall financial health and growth are commendable.