Salem Council On Aging Inc Town Of Salem
Salem Council On Aging Inc consistently maintains zero liabilities and low expenses relative to revenue, indicating strong financial health and efficiency.
EIN: 20487541 · Salem, NH · NTEE: P81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $161K |
| Total Expenses | $21K |
| Program Spending | 95% |
| Net Assets | $899K |
| Transparency Score | 92/100 |
Is Salem Council On Aging Inc Town Of Salem Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salem Council On Aging Inc Town Of Salem directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salem Council On Aging Inc Town Of Salem
Salem Council On Aging Inc Town Of Salem (EIN: 20487541) is a nonprofit organization based in Salem, NH, classified under NTEE code P81. The organization reported total revenue of $161K and total assets of $947K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem Council On Aging Inc Town Of Salem's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salem Council On Aging Inc Town Of Salem is a small nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $101K |
| Total Expenses | $21K |
| Surplus / Deficit | +$80K |
| Total Assets | $899K |
| Net Assets | $899K |
| Operating Margin | 79.5% |
| Months of Reserves | 519.2 months |
Financial Health Grade: A
In 2023, Salem Council On Aging Inc Town Of Salem reported a surplus of $80K with revenue exceeding expenses, holds 519.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Salem Council On Aging Inc Town Of Salem's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | +49.2% | +10.2% |
| 2022 | +11.6% | -42.9% | -1.9% |
| 2021 | +44.4% | -77.3% | +11.8% |
| 2020 | -38.2% | -14.7% | +7.0% |
| 2019 | -42.5% | -2.7% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Council On Aging Inc Town Of Salem with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Salem Council On Aging Inc Town Of Salem allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $80K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization operates without paid officers or that compensation is covered by other entities, which is highly efficient for an organization of this 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.
Strengths
The following positive indicators were identified for Salem Council On Aging Inc Town Of Salem:
- Zero liabilities reported across all filings, indicating excellent financial stability.
- Consistently low expenses relative to revenue, especially in recent years, suggesting high operational efficiency.
- No reported officer compensation, indicating a volunteer-driven model or highly efficient use of resources.
- Consistent growth in assets over the past decade, demonstrating strong financial management and capacity building.
- High program spending ratio due to minimal overhead and administrative costs.
Frequently Asked Questions about Salem Council On Aging Inc Town Of Salem
Is Salem Council On Aging Inc Town Of Salem a legitimate charity?
Based on AI analysis of IRS 990 filings, Salem Council On Aging Inc Town Of Salem (EIN: 20487541) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Salem Council On Aging Inc Town Of Salem spend its money?
Salem Council On Aging Inc Town Of Salem directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salem Council On Aging Inc Town Of Salem tax-deductible?
Salem Council On Aging Inc Town Of Salem is registered as a tax-exempt nonprofit (EIN: 20487541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Salem Council On Aging Inc Town Of Salem compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Salem Council On Aging Inc Town Of Salem is above average for NTEE category P81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salem Council On Aging Inc Town Of Salem located?
Salem Council On Aging Inc Town Of Salem is headquartered in Salem, New Hampshire and files with the IRS under EIN 20487541. It is classified under NTEE code P81.
How many years of IRS 990 filings does Salem Council On Aging Inc Town Of Salem have?
Salem Council On Aging Inc Town Of Salem has 12 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 $161K in total revenue.
Is Salem Council On Aging Inc a good charity?
Based on the provided data, Salem Council On Aging Inc appears to be a very good charity. It exhibits strong financial health with growing assets and zero liabilities, very low expenses relative to revenue, and no reported officer compensation, suggesting high efficiency and direct impact.
How does the organization manage its expenses?
The organization manages its expenses exceptionally well, consistently reporting expenses significantly lower than its revenue in recent years (e.g., $20,775 in expenses vs. $101,238 in revenue in 2023). This indicates a highly efficient operation, potentially relying heavily on volunteers or external support for administrative functions.
What is the trend in the organization's assets?
The organization shows a consistent and strong upward trend in assets, growing from $370,812 in 2013 to $947,048 currently. This indicates effective financial management and accumulation of resources over time.
Filing History
IRS 990 filing history for Salem Council On Aging Inc Town Of Salem showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Salem Council On Aging Inc Town Of Salem's revenue has declined by 34%, moving from $153K to $101K. Total assets increased by 244.3% over the same period, from $261K to $899K. Total functional expenses fell by 79.7%, from $103K to $21K. In its most recent filing year (2023), Salem Council On Aging Inc Town Of Salem reported a surplus of $80K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $101K | $21K | $899K | $0 | — | — |
| 2022 | $116K | $14K | $815K | $0 | — | View 990 |
| 2021 | $104K | $24K | $832K | $0 | — | View 990 |
| 2020 | $72K | $107K | $744K | $0 | — | View 990 |
| 2019 | $117K | $126K | $695K | $0 | — | View 990 |
| 2018 | $203K | $129K | $663K | $0 | — | View 990 |
| 2017 | $154K | $128K | $584K | $0 | — | View 990 |
| 2015 | $188K | $126K | $512K | $0 | — | View 990 |
| 2014 | $124K | $99K | $387K | $0 | — | View 990 |
| 2013 | $191K | $155K | $371K | $0 | — | View 990 |
| 2012 | $183K | $110K | $334K | $0 | — | View 990 |
| 2011 | $153K | $103K | $261K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $101K, expenses of $21K, and assets of $899K (revenue -13.0% year-over-year).
- 2022: Revenue of $116K, expenses of $14K, and assets of $815K (revenue +11.6% year-over-year).
- 2021: Revenue of $104K, expenses of $24K, and assets of $832K (revenue +44.4% year-over-year).
- 2020: Revenue of $72K, expenses of $107K, and assets of $744K (revenue -38.2% year-over-year).
- 2019: Revenue of $117K, expenses of $126K, and assets of $695K (revenue -42.5% year-over-year).
- 2018: Revenue of $203K, expenses of $129K, and assets of $663K (revenue +31.7% year-over-year).
- 2017: Revenue of $154K, expenses of $128K, and assets of $584K (revenue -18.1% year-over-year).
- 2015: Revenue of $188K, expenses of $126K, and assets of $512K (revenue +52.2% year-over-year).
- 2014: Revenue of $124K, expenses of $99K, and assets of $387K (revenue -35.3% year-over-year).
- 2013: Revenue of $191K, expenses of $155K, and assets of $371K (revenue +4.4% year-over-year).
- 2012: Revenue of $183K, expenses of $110K, and assets of $334K (revenue +19.4% year-over-year).
- 2011: Revenue of $153K, expenses of $103K, and assets of $261K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salem Council On Aging Inc Town Of Salem:
Data Sources and Methodology
This transparency report for Salem Council On Aging Inc Town Of Salem 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.