Quick charity verification for Salt Ventures Nfp (EIN: 208991904)
Verdict: Salt Ventures Nfp appears trustworthy
85/100Mission Score
$482KRevenue
$7KAssets
1Red Flags
5Strengths
Red Flags
Very low asset base relative to annual revenue, potentially limiting long-term resilience or capacity for growth (e.g., $19,446 assets vs. $470,927 revenue in 2023).
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong commitment to mission spending.
Expenses consistently align closely with revenue, demonstrating efficient use of funds (e.g., $470,870 expenses vs. $470,927 revenue in 2023).
No reported liabilities in recent years, indicating a debt-free financial position.
Consistent revenue growth over the past decade, showing sustained donor support and operational expansion.
Long and consistent IRS 990 filing history (14 filings), suggesting good governance and transparency.
Spending Breakdown
How Salt Ventures Nfp allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Salt Ventures Nfp
Is Salt Ventures Nfp a legitimate charity?
Based on AI analysis of IRS 990 filings, Salt Ventures Nfp (EIN: 208991904) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Salt Ventures Nfp a good charity to donate to?
Salt Ventures Nfp has a Mission Score of 85/100. Revenue: $482K. Assets: $7K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Salt Ventures Nfp?
The Employer Identification Number (EIN) for Salt Ventures Nfp is 208991904. 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 Salt Ventures Nfp spend its money?
Salt Ventures Nfp allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Salt Ventures Nfp's tax-exempt status?
You can verify Salt Ventures Nfp's tax-exempt status using EIN 208991904 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
Salt Ventures Nfp demonstrates consistent operational activity with revenues steadily increasing over the past decade, reaching $470,927 in 2023. The organization consistently spends nearly all of its revenue, with expenses closely matching income, indicating a lean operational model. For instance, in 2023, expenses were $470,870 against $470,927 in revenue. While this suggests efficient use of funds, it also means the organization maintains very low asset levels relative to its revenue, with assets reported at $19,446 in 2023, which could limit its capacity for future growth or unexpected needs. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries.
The organization's financial health appears stable, operating near break-even each year. This approach, while fiscally responsible in terms of avoiding excessive accumulation of wealth, also means there's little buffer. The NTEE code T50, which typically relates to religious organizations, suggests a mission-driven focus. The absence of liabilities in most recent filings further strengthens its financial stability. However, the very low asset base ($7,348 latest, $19,446 in 2023) compared to its annual revenue ($481,688 latest, $470,927 in 2023) means it operates with minimal reserves, which could be a vulnerability in the event of unforeseen financial challenges or a desire to scale programs significantly.
Spending efficiency is high given the near 1:1 ratio of expenses to revenue. The lack of reported officer compensation is a strong positive for transparency and donor confidence. The organization's consistent filing history over 14 periods also points to good governance and adherence to regulatory requirements. Overall, Salt Ventures Nfp appears to be a well-managed organization that prioritizes direct spending on its mission, though its minimal asset base warrants consideration for long-term resilience.