Salem Christmas Fund Inc
Salem Christmas Fund Inc experienced a significant deficit in its latest fiscal period, drawing down assets.
EIN: 20351409 · Salem, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $127K |
| Program Spending | 90% |
| Net Assets | $131K |
| Transparency Score | 85/100 |
Is Salem Christmas Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salem Christmas Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salem Christmas Fund Inc
Salem Christmas Fund Inc (EIN: 20351409) is a nonprofit organization based in Salem, NH. The organization reported total revenue of $52K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem Christmas Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salem Christmas Fund Inc is a micro nonprofit that has been operating for 46 years, with 6 years of IRS 990 filings on record (2019–2024). Revenue has grown at a compound annual rate of -12.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $127K |
| Surplus / Deficit | $-76,057 |
| Total Assets | $131K |
| Net Assets | $131K |
| Operating Margin | -150.0% |
| Months of Reserves | 12.4 months |
Financial Health Grade: B
In 2024, Salem Christmas Fund Inc reported a deficit of $76K with expenses exceeding revenue, holds 12.4 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2019–2024), Salem Christmas Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -45.8% | +292.3% | -36.5% |
| 2023 | -30.6% | -80.3% | +42.2% |
| 2022 | -18.5% | +143.5% | -16.7% |
| 2021 | +99.2% | -10.3% | +128.9% |
| 2020 | -16.8% | +8.6% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Salem Christmas Fund Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Salem Christmas Fund Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $76K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and very low overhead related to executive salaries, which is highly commendable for a nonprofit of its size.
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.
Red Flags
The following concerns were identified during AI analysis of Salem Christmas Fund Inc's IRS 990 filings:
- Significant deficit in the latest fiscal period (202408), with expenses ($126,747) far exceeding revenue ($50,690).
- Substantial decrease in assets from $206,473 to $131,175 in the latest period, indicating reliance on reserves.
Strengths
The following positive indicators were identified for Salem Christmas Fund Inc:
- Consistent reporting of 0% officer compensation, indicating a volunteer-led organization and efficient use of funds.
- Maintains zero liabilities across all reported periods, demonstrating sound financial management.
- Consistent filing of IRS Form 990s, indicating good transparency practices.
Frequently Asked Questions about Salem Christmas Fund Inc
Is Salem Christmas Fund Inc a legitimate charity?
Salem Christmas Fund Inc (EIN: 20351409) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. Total revenue: $52K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Salem Christmas Fund Inc spend its money?
Salem Christmas Fund Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Salem Christmas Fund Inc tax-deductible?
Salem Christmas Fund Inc is registered as a tax-exempt nonprofit (EIN: 20351409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Salem Christmas Fund Inc located?
Salem Christmas Fund Inc is headquartered in Salem, New Hampshire and files with the IRS under EIN 20351409.
How many years of IRS 990 filings does Salem Christmas Fund Inc have?
Salem Christmas Fund Inc has 6 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 $52K in total revenue.
Is Salem Christmas Fund Inc financially stable?
While the organization has maintained zero liabilities and a healthy asset base, its financial stability shows variability. The latest period (202408) saw expenses ($126,747) more than double its revenue ($50,690), leading to a significant reduction in assets from $206,473 to $131,175. This suggests a reliance on reserves, which is sustainable only if balanced by future surpluses.
How does Salem Christmas Fund Inc manage its administrative costs?
The organization appears to manage administrative costs very effectively, primarily due to reporting 0% officer compensation across all filings. This indicates a volunteer-driven model for leadership, significantly reducing salary-related overhead.
What caused the large expense in the 202408 period?
The provided data does not detail the specific nature of expenses. However, the significant increase in expenses to $126,747 in 202408, compared to revenue of $50,690, suggests either a substantial program delivery effort or a one-time significant expenditure. Further detail from the full 990 filing would be needed to understand this.
Filing History
IRS 990 filing history for Salem Christmas Fund Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2019–2024), Salem Christmas Fund Inc's revenue has declined by 49.3%, moving from $100K to $51K. Total assets increased by 92.6% over the same period, from $68K to $131K. Total functional expenses rose by 83.4%, from $69K to $127K. In its most recent filing year (2024), Salem Christmas Fund Inc reported a deficit of $76K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $51K | $127K | $131K | $0 | — | — |
| 2023 | $94K | $32K | $206K | $0 | — | View 990 |
| 2022 | $135K | $164K | $145K | $0 | — | View 990 |
| 2021 | $166K | $67K | $174K | $0 | — | — |
| 2020 | $83K | $75K | $76K | $0 | — | View 990 |
| 2019 | $100K | $69K | $68K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $51K, expenses of $127K, and assets of $131K (revenue -45.8% year-over-year).
- 2023: Revenue of $94K, expenses of $32K, and assets of $206K (revenue -30.6% year-over-year).
- 2022: Revenue of $135K, expenses of $164K, and assets of $145K (revenue -18.5% year-over-year).
- 2021: Revenue of $166K, expenses of $67K, and assets of $174K (revenue +99.2% year-over-year).
- 2020: Revenue of $83K, expenses of $75K, and assets of $76K (revenue -16.8% year-over-year).
- 2019: Revenue of $100K, expenses of $69K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salem Christmas Fund Inc:
Data Sources and Methodology
This transparency report for Salem Christmas Fund Inc 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.