Salem Community Benefits Inc
Salem Community Benefits Inc. faces significant financial challenges with multi-year operating deficits and declining assets.
EIN: 20499456 · Salem, NH · NTEE: S12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12K |
| Total Expenses | $111K |
| Program Spending | 75% |
| Net Assets | $144K |
| Transparency Score | 55/100 |
Is Salem Community Benefits Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salem Community Benefits Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salem Community Benefits Inc
Salem Community Benefits Inc (EIN: 20499456) is a nonprofit organization based in Salem, NH, classified under NTEE code S12. The organization reported total revenue of $12K and total assets of $97K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem Community Benefits Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salem Community Benefits Inc is a micro nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -16.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $111K |
| Surplus / Deficit | $-98,889 |
| Total Assets | $144K |
| Total Liabilities | $1 |
| Net Assets | $144K |
| Operating Margin | -811.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 15.6 months |
Financial Health Grade: B
In 2024, Salem Community Benefits Inc reported a deficit of $99K with expenses exceeding revenue, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Salem Community Benefits Inc's revenue has declined at a compound annual growth rate (CAGR) of -16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -75.7% | +4.8% | -40.7% |
| 2023 | -49.9% | -4.1% | -18.7% |
| 2022 | -29.5% | +89.5% | -3.3% |
| 2021 | +42.0% | -39.1% | +37.2% |
| 2020 | +0.1% | -45.9% | +53.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Community Benefits Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Salem Community Benefits Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $99K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is highly favorable for donor confidence and suggests a volunteer-led or very lean operational 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.
Red Flags
The following concerns were identified during AI analysis of Salem Community Benefits Inc's IRS 990 filings:
- Consistent multi-year operating deficits (e.g., $12,186 revenue vs. $111,075 expenses in 202403).
- Significant decline in total assets over the past three years (from $309,164 in 202103 to $144,178 in 202403).
- Sharp decrease in revenue generation, indicating potential funding challenges (from $142,202 in 202103 to $12,186 in 202403).
Strengths
The following positive indicators were identified for Salem Community Benefits Inc:
- Consistent IRS 990 filing history, demonstrating transparency.
- Reported 0% officer compensation across all filings, indicating efficient use of funds for leadership.
- Minimal liabilities reported ($0 or $1), suggesting good debt management.
Frequently Asked Questions about Salem Community Benefits Inc
Is Salem Community Benefits Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salem Community Benefits Inc (EIN: 20499456) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Salem Community Benefits Inc spend its money?
Salem Community Benefits Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salem Community Benefits Inc tax-deductible?
Salem Community Benefits Inc is registered as a tax-exempt nonprofit (EIN: 20499456). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Salem Community Benefits Inc's spending goes to programs?
Salem Community Benefits Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Salem Community Benefits Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Salem Community Benefits Inc is near average for NTEE category S12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salem Community Benefits Inc located?
Salem Community Benefits Inc is headquartered in Salem, New Hampshire and files with the IRS under EIN 20499456. It is classified under NTEE code S12.
How many years of IRS 990 filings does Salem Community Benefits Inc have?
Salem Community Benefits Inc has 10 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 $12K in total revenue.
Is Salem Community Benefits Inc. financially sustainable?
Based on recent filings, the organization is not financially sustainable, with expenses significantly exceeding revenue for the past three years (e.g., $12,186 revenue vs. $111,075 expenses in 202403), leading to a substantial decline in assets.
How has the organization's asset base changed?
The organization's assets have decreased significantly, from a high of $309,164 in 202103 to $144,178 in 202403, reflecting the impact of consistent operating deficits.
What is the trend in revenue for Salem Community Benefits Inc.?
Revenue has shown a sharp downward trend in recent years, dropping from $142,202 in 202103 to $12,186 in 202403, indicating a significant challenge in securing funding.
Filing History
IRS 990 filing history for Salem Community Benefits Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Salem Community Benefits Inc's revenue has declined by 87.8%, moving from $100K to $12K. Total assets decreased by 37.6% over the same period, from $231K to $144K. Total functional expenses rose by 40.3%, from $79K to $111K. In its most recent filing year (2024), Salem Community Benefits Inc reported a deficit of $99K, with expenses exceeding revenue. The organization holds $1 in liabilities against $144K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $144K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $12K | $111K | $144K | $1 | — | View 990 |
| 2023 | $50K | $106K | $243K | $1 | — | View 990 |
| 2022 | $100K | $111K | $299K | $1 | — | View 990 |
| 2021 | $142K | $58K | $309K | $1 | — | — |
| 2020 | $100K | $96K | $225K | $1 | — | View 990 |
| 2016 | $100K | $177K | $147K | $1 | — | View 990 |
| 2015 | $101K | $75K | $224K | $0 | — | View 990 |
| 2014 | $200K | $145K | $298K | $0 | — | View 990 |
| 2013 | $150K | $139K | $242K | $0 | — | View 990 |
| 2012 | $100K | $79K | $231K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $12K, expenses of $111K, and assets of $144K (revenue -75.7% year-over-year).
- 2023: Revenue of $50K, expenses of $106K, and assets of $243K (revenue -49.9% year-over-year).
- 2022: Revenue of $100K, expenses of $111K, and assets of $299K (revenue -29.5% year-over-year).
- 2021: Revenue of $142K, expenses of $58K, and assets of $309K (revenue +42.0% year-over-year).
- 2020: Revenue of $100K, expenses of $96K, and assets of $225K (revenue +0.1% year-over-year).
- 2016: Revenue of $100K, expenses of $177K, and assets of $147K (revenue -0.7% year-over-year).
- 2015: Revenue of $101K, expenses of $75K, and assets of $224K (revenue -49.6% year-over-year).
- 2014: Revenue of $200K, expenses of $145K, and assets of $298K (revenue +33.2% year-over-year).
- 2013: Revenue of $150K, expenses of $139K, and assets of $242K (revenue +49.8% year-over-year).
- 2012: Revenue of $100K, expenses of $79K, and assets of $231K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salem Community Benefits Inc:
Data Sources and Methodology
This transparency report for Salem Community Benefits 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.