Salem Childrens Home
EIN: 370673604 · Flanagan, IL · NTEE: P700
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Net Assets | $434K |
Is Salem Childrens Home Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Salem Childrens Home
Salem Childrens Home (EIN: 370673604) is a nonprofit organization based in Flanagan, IL, classified under NTEE code P700. The organization reported total revenue of $1.9M and total assets of $893K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem Childrens Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salem Childrens Home is a mid-size nonprofit that has been operating for 78 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-206,047 |
| Total Assets | $633K |
| Total Liabilities | $199K |
| Net Assets | $434K |
| Operating Margin | -11.6% |
| Debt-to-Asset Ratio | 31.5% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2023, Salem Childrens Home reported a deficit of $206K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 31.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Salem Childrens Home's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | +7.0% | -19.3% |
| 2022 | -3.2% | +6.7% | +27.5% |
| 2021 | +47.2% | +11.7% | -11.0% |
| 2020 | -7.7% | +8.0% | +4.5% |
| 2019 | +11.2% | +2.4% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1948 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Salem Childrens Home has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Salem Childrens Home with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $206K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.5%.
Frequently Asked Questions about Salem Childrens Home
Is Salem Childrens Home a legitimate charity?
Salem Childrens Home (EIN: 370673604) is a registered tax-exempt nonprofit based in Illinois. It has 14 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: B.
How does Salem Childrens Home spend its money?
Salem Childrens Home reported $1.9M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Salem Childrens Home tax-deductible?
Salem Childrens Home is registered as a tax-exempt nonprofit (EIN: 370673604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Salem Childrens Home located?
Salem Childrens Home is headquartered in Flanagan, Illinois and files with the IRS under EIN 370673604. It is classified under NTEE code P700.
How many years of IRS 990 filings does Salem Childrens Home have?
Salem Childrens Home has 14 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 $1.9M in total revenue.
Filing History
IRS 990 filing history for Salem Childrens Home showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Salem Childrens Home's revenue has grown by 58%, moving from $1.1M to $1.8M. Total assets decreased by 11.4% over the same period, from $714K to $633K. Total functional expenses rose by 62.1%, from $1.2M to $2.0M. In its most recent filing year (2023), Salem Childrens Home reported a deficit of $206K, with expenses exceeding revenue. The organization holds $199K in liabilities against $633K in assets (debt-to-asset ratio: 31.5%), resulting in net assets of $434K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.0M | $633K | $199K | — | — |
| 2022 | $2.0M | $1.8M | $784K | $77K | — | View 990 |
| 2021 | $2.1M | $1.7M | $615K | $78K | — | View 990 |
| 2020 | $1.4M | $1.5M | $691K | $507K | — | View 990 |
| 2019 | $1.5M | $1.4M | $661K | $345K | — | View 990 |
| 2018 | $1.4M | $1.4M | $575K | $357K | — | View 990 |
| 2017 | $1.4M | $1.4M | $570K | $331K | — | View 990 |
| 2016 | $1.3M | $1.4M | $592K | $337K | — | View 990 |
| 2015 | $1.9M | $1.7M | $685K | $256K | — | View 990 |
| 2014 | $906K | $906K | $815K | $598K | — | View 990 |
| 2014 | $1.4M | $1.7M | $733K | $515K | — | View 990 |
| 2013 | $1.9M | $1.7M | $761K | $192K | — | View 990 |
| 2012 | $1.5M | $1.5M | $774K | $405K | — | View 990 |
| 2011 | $1.1M | $1.2M | $714K | $324K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.0M, and assets of $633K (revenue -12.2% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.8M, and assets of $784K (revenue -3.2% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.7M, and assets of $615K (revenue +47.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $691K (revenue -7.7% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $661K (revenue +11.2% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $575K (revenue -1.4% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $570K (revenue +11.1% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $592K (revenue -33.9% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.7M, and assets of $685K (revenue +110.3% year-over-year).
- 2014: Revenue of $906K, expenses of $906K, and assets of $815K (revenue -34.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.7M, and assets of $733K (revenue -28.1% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.7M, and assets of $761K (revenue +27.9% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $774K (revenue +33.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $714K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salem Childrens Home:
Data Sources and Methodology
This transparency report for Salem Childrens Home 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.