Is Salmagundi Club Legit?

Strengths

Consistent financial stability with revenues generally exceeding expenses.
Strong and stable asset base, consistently above $5 million.
Remarkable 0% officer compensation, indicating volunteer leadership and potentially low administrative overhead.
Excellent asset-to-liabilities ratio (e.g., 11.8:1 in 2023), demonstrating strong financial health.
Consistent and timely IRS 990 filing history (14 filings), indicating good transparency.

Spending Breakdown

How Salmagundi Club allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Salmagundi Club

Is Salmagundi Club a legitimate charity?

Based on AI analysis of IRS 990 filings, Salmagundi Club (EIN: 135365520) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.

Is Salmagundi Club a good charity to donate to?

Salmagundi Club has a Mission Score of 85/100. Revenue: $3.7M. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Salmagundi Club?

The Employer Identification Number (EIN) for Salmagundi Club is 135365520. 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 Salmagundi Club spend its money?

Salmagundi Club allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Salmagundi Club's tax-exempt status?

You can verify Salmagundi Club's tax-exempt status using EIN 135365520 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 Salmagundi Club demonstrates consistent financial operations, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2022, revenue was $2,508,653 against expenses of $2,363,859, indicating a surplus. While the 2023 filing shows expenses slightly exceeding revenue ($2,535,960 vs $2,349,485), this appears to be an anomaly in an otherwise stable trend. The organization's assets have remained robust, consistently above $5 million, with the latest reported at $5,142,541, suggesting good financial stewardship and a solid asset base.

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 operational balance suggests a managed approach to spending. A notable aspect of the Salmagundi Club's financial structure is the reported 0% officer compensation across all available filings, which is a significant indicator of volunteer leadership and potentially lower administrative overhead. This practice enhances the perception of the organization's commitment to its mission over executive remuneration.

Regarding transparency, the consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to public disclosure. The absence of officer compensation is a strong positive for transparency and public trust. However, without more granular expense data, a complete picture of how funds are allocated between program services, administration, and fundraising remains somewhat opaque. Further detail on these categories would enhance the organization's financial transparency.

Verdict: Salmagundi Club appears trustworthy

Red Flags