Porch De Salomon Corp
Porch De Salomon Corp shows consistent revenue growth and zero officer compensation over a decade.
EIN: 202737505 · Tallahassee, FL · NTEE: X20 · Updated: 2026-03-28
Is Porch De Salomon Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Porch De Salomon Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Porch De Salomon Corp
Porch De Salomon Corp (EIN: 202737505) is a nonprofit organization based in Tallahassee, FL, classified under NTEE code X20. The organization reported total revenue of $1.4M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Porch De Salomon Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Porch De Salomon Corp is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $907K |
| Surplus / Deficit | +$112K |
| Total Assets | $1.4M |
| Net Assets | $1.4M |
| Operating Margin | 11.0% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2023, Porch De Salomon Corp reported a surplus of $112K with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Porch De Salomon Corp's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | +8.9% | +8.7% |
| 2022 | +16.6% | +37.5% | +5.4% |
| 2021 | -0.1% | -0.6% | +15.7% |
| 2020 | -19.9% | -25.4% | +18.2% |
| 2019 | +27.4% | +9.1% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
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 Porch De Salomon Corp with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Porch De Salomon Corp allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $112K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation for officers is consistently reported as 0% across all available filings, indicating either a volunteer leadership model or compensation structured outside of officer roles, which is highly favorable for direct program spending.
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 Porch De Salomon Corp:
- Consistent revenue growth, more than doubling from $478,454 in 2014 to $1,018,803 in 2023.
- Zero officer compensation reported across all 14 filings, indicating high program focus.
- Strong asset growth from $426,674 in 2014 to $1,394,833 in 2023.
- Consistently low or zero liabilities, with $0 reported for the last six years (2018-2023).
- Expenses consistently below revenue, demonstrating sound financial management and sustainability.
Frequently Asked Questions about Porch De Salomon Corp
Is Porch De Salomon Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Porch De Salomon Corp (EIN: 202737505) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Porch De Salomon Corp spend its money?
Porch De Salomon Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Porch De Salomon Corp tax-deductible?
Porch De Salomon Corp is registered as a tax-exempt nonprofit (EIN: 202737505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Porch De Salomon Corp a good charity?
Yes, based on its financial data, Porch De Salomon Corp appears to be a very good charity. It demonstrates strong financial health, consistent growth in revenue and assets, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings, suggesting a high proportion of funds go directly to programs.
How has Porch De Salomon Corp's revenue grown over time?
Porch De Salomon Corp has shown consistent revenue growth, increasing from $478,454 in 2014 to $1,018,803 in 2023, more than doubling its income over a decade.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating a strong commitment to minimizing administrative overhead and maximizing funds for programmatic activities.
Does Porch De Salomon Corp have any significant liabilities?
No, Porch De Salomon Corp has reported $0 in liabilities for the past six consecutive filing periods (2018-2023), indicating a very strong and stable financial position.
How efficient is Porch De Salomon Corp in its spending?
The organization is highly efficient, consistently spending less than its revenue. For example, in 2023, expenses were $906,831 against revenues of $1,018,803, allowing for asset growth and demonstrating responsible financial management.
Filing History
IRS 990 filing history for Porch De Salomon Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Porch De Salomon Corp's revenue has grown by 501.7%, moving from $169K to $1.0M. Total assets increased by 960.1% over the same period, from $132K to $1.4M. Total functional expenses rose by 625.8%, from $125K to $907K. In its most recent filing year (2023), Porch De Salomon Corp reported a surplus of $112K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $907K | $1.4M | $0 | — | — |
| 2022 | $898K | $832K | $1.3M | $0 | — | View 990 |
| 2021 | $770K | $605K | $1.2M | $0 | — | View 990 |
| 2020 | $771K | $609K | $1.1M | $0 | — | View 990 |
| 2019 | $963K | $817K | $890K | $0 | — | View 990 |
| 2018 | $756K | $749K | $745K | $0 | — | View 990 |
| 2017 | $800K | $732K | $742K | $4K | — | View 990 |
| 2016 | $645K | $535K | $677K | $8K | — | View 990 |
| 2015 | $628K | $495K | $567K | $8K | — | View 990 |
| 2014 | $478K | $414K | $427K | $0 | — | View 990 |
| 2013 | $443K | $357K | $498K | $135K | — | View 990 |
| 2012 | $258K | $232K | $279K | $2K | — | View 990 |
| 2011 | $153K | $33K | $251K | $0 | — | View 990 |
| 2010 | $169K | $125K | $132K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $907K, and assets of $1.4M (revenue +13.4% year-over-year).
- 2022: Revenue of $898K, expenses of $832K, and assets of $1.3M (revenue +16.6% year-over-year).
- 2021: Revenue of $770K, expenses of $605K, and assets of $1.2M (revenue -0.1% year-over-year).
- 2020: Revenue of $771K, expenses of $609K, and assets of $1.1M (revenue -19.9% year-over-year).
- 2019: Revenue of $963K, expenses of $817K, and assets of $890K (revenue +27.4% year-over-year).
- 2018: Revenue of $756K, expenses of $749K, and assets of $745K (revenue -5.5% year-over-year).
- 2017: Revenue of $800K, expenses of $732K, and assets of $742K (revenue +24.0% year-over-year).
- 2016: Revenue of $645K, expenses of $535K, and assets of $677K (revenue +2.8% year-over-year).
- 2015: Revenue of $628K, expenses of $495K, and assets of $567K (revenue +31.2% year-over-year).
- 2014: Revenue of $478K, expenses of $414K, and assets of $427K (revenue +8.1% year-over-year).
- 2013: Revenue of $443K, expenses of $357K, and assets of $498K (revenue +71.3% year-over-year).
- 2012: Revenue of $258K, expenses of $232K, and assets of $279K (revenue +69.1% year-over-year).
- 2011: Revenue of $153K, expenses of $33K, and assets of $251K (revenue -9.8% year-over-year).
- 2010: Revenue of $169K, expenses of $125K, and assets of $132K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Porch De Salomon Corp:
Data Sources and Methodology
This transparency report for Porch De Salomon Corp 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.