Charles Salmanson Family Foundation
Charles Salmanson Family Foundation: Consistent Giving, Minimal Overhead
EIN: 222571909 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $85 |
| Program Spending | 95% |
| Net Assets | $290 |
| Transparency Score | 75/100 |
Is Charles Salmanson Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles Salmanson Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles Salmanson Family Foundation
Charles Salmanson Family Foundation (EIN: 222571909) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $1 and total assets of $110 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles Salmanson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles Salmanson Family Foundation is a micro nonprofit that has been operating for 41 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -10.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $85 |
| Surplus / Deficit | $-84 |
| Total Assets | $291 |
| Total Liabilities | $1 |
| Net Assets | $290 |
| Operating Margin | -8400.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 41.1 months |
Financial Health Grade: B
In 2021, Charles Salmanson Family Foundation reported a deficit of $84 with expenses exceeding revenue, holds 41.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Charles Salmanson Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +0.0% | +0.0% | -22.6% |
| 2020 | +0.0% | -39.7% | -18.4% |
| 2019 | +0.0% | -73.9% | -68.0% |
| 2015 | +0.0% | +536.5% | -27.3% |
| 2014 | +0.0% | -84.1% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charles Salmanson Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Charles Salmanson Family Foundation allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $84, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting a volunteer-led or minimal compensation structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Charles Salmanson Family Foundation:
- Consistently low administrative and fundraising overhead, indicating efficient use of funds.
- Maintains a consistent level of grantmaking relative to its asset base.
- Long history of operation with consistent financial reporting.
Frequently Asked Questions about Charles Salmanson Family Foundation
Is Charles Salmanson Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Charles Salmanson Family Foundation (EIN: 222571909) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Charles Salmanson Family Foundation spend its money?
Charles Salmanson Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charles Salmanson Family Foundation tax-deductible?
Charles Salmanson Family Foundation is registered as a tax-exempt nonprofit (EIN: 222571909). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Charles Salmanson Family Foundation's spending goes to programs?
Charles Salmanson Family Foundation directs 95% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Charles Salmanson Family Foundation located?
Charles Salmanson Family Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 222571909.
How many years of IRS 990 filings does Charles Salmanson Family Foundation have?
Charles Salmanson Family Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1 in total revenue.
What does Charles Salmanson Family Foundation do?
Charles Salmanson Family Foundation is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Charles Salmanson Family Foundation have?
Charles Salmanson Family Foundation reported total revenue of $1. Based on 8 IRS 990 filings on record.
What are Charles Salmanson Family Foundation's total assets?
Charles Salmanson Family Foundation holds total assets of $110 as reported in IRS 990 filings.
Where is Charles Salmanson Family Foundation located?
Charles Salmanson Family Foundation is based in Providence, Rhode Island.
What is Charles Salmanson Family Foundation's EIN?
Charles Salmanson Family Foundation's Employer Identification Number (EIN) is 222571909. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Charles Salmanson Family Foundation?
Charles Salmanson Family Foundation is classified under NTEE code Unknown (Unknown).
Is Charles Salmanson Family Foundation a registered 501(c)(3)?
Charles Salmanson Family Foundation appears in IRS records (EIN: 222571909). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Charles Salmanson Family Foundation file IRS Form 990?
Yes, Charles Salmanson Family Foundation has 8 IRS Form 990 filings on record. The most recent covers tax period 202109.
What was Charles Salmanson Family Foundation's revenue in 2021?
In the 202109 filing period, Charles Salmanson Family Foundation reported total revenue of $1, total expenses of $85, and net assets of $291.
Is Charles Salmanson Family Foundation's revenue growing or declining?
Charles Salmanson Family Foundation's revenue is relatively stable. Revenue went from $1 (202009) to $1 (202109), a 0.0% change. Based on 8 filings on record.
What is Charles Salmanson Family Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Charles Salmanson Family Foundation covers tax period 202109. It shows revenue of $1, expenses of $85, total assets of $291, and liabilities of $1.
How much does Charles Salmanson Family Foundation spend on programs vs administration?
Based on IRS 990 analysis, Charles Salmanson Family Foundation allocates approximately 95% of expenses to program services, 3% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Charles Salmanson Family Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Charles Salmanson Family Foundation appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Charles Salmanson Family Foundation's strengths?
Positive indicators for Charles Salmanson Family Foundation include: Consistently low administrative and fundraising overhead, indicating efficient use of funds.. Maintains a consistent level of grantmaking relative to its asset base.. Long history of operation with consistent financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Charles Salmanson Family Foundation compensate executives?
Executive compensation is not reported in the provided filings, suggesting a volunteer-led or minimal compensation structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% fundraising costs, how does the foundation primarily source its funds and what is the long-term sustainability plan without active fundraising?
The foundation appears to be primarily funded by an endowment or family contributions, as indicated by the lack of fundraising expenses. Its long-term sustainability likely relies on investment returns and continued family support rather than public solicitations.
With 'l1' consistently reported for lobbying expenses, what is the nature of this lobbying and its impact on the foundation's mission?
The 'l1' indicates minimal or no lobbying expenses. This suggests the foundation focuses its resources directly on programmatic activities rather than advocating for policy changes, aligning with a direct grant-making model.
Filing History
IRS 990 filing history for Charles Salmanson Family Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Charles Salmanson Family Foundation's revenue has declined by 66.7%, moving from $3 to $1. Total assets decreased by 94.3% over the same period, from $5K to $291. Total functional expenses fell by 97.9%, from $4K to $85. In its most recent filing year (2021), Charles Salmanson Family Foundation reported a deficit of $84, with expenses exceeding revenue. The organization holds $1 in liabilities against $291 in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $290.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1 | $85 | $291 | $1 | — | — |
| 2020 | $1 | $85 | $376 | $1 | — | View 990 |
| 2019 | $1 | $141 | $461 | $1 | — | View 990 |
| 2015 | $1 | $541 | $1K | $1 | — | View 990 |
| 2014 | $1 | $85 | $2K | $1 | — | View 990 |
| 2013 | $1 | $535 | $2K | $1 | — | View 990 |
| 2012 | $2 | $3K | $3K | $1 | — | View 990 |
| 2011 | $3 | $4K | $5K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1, expenses of $85, and assets of $291 (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $85, and assets of $376 (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $141, and assets of $461 (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $541, and assets of $1K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $85, and assets of $2K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $535, and assets of $2K (revenue -50.0% year-over-year).
- 2012: Revenue of $2, expenses of $3K, and assets of $3K (revenue -33.3% year-over-year).
- 2011: Revenue of $3, expenses of $4K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles Salmanson Family Foundation:
Data Sources and Methodology
This transparency report for Charles Salmanson Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.