Salem Global Foundation Inc
EIN: 862511474 · Haddam, CT · NTEE: P12
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $49K |
| Net Assets | $95K |
Is Salem Global Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Salem Global Foundation Inc
Salem Global Foundation Inc (EIN: 862511474) is a nonprofit organization based in Haddam, CT, classified under NTEE code P12. The organization reported total revenue of $129K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem Global Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salem Global Foundation Inc is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $49K |
| Surplus / Deficit | +$32K |
| Total Assets | $95K |
| Net Assets | $95K |
| Operating Margin | 39.8% |
| Months of Reserves | 23.3 months |
Financial Health Grade: A
In 2023, Salem Global Foundation Inc reported a surplus of $32K with revenue exceeding expenses, holds 23.3 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2021–2023), Salem Global Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.2% | +15.2% | +56.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Salem Global Foundation Inc 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 Global Foundation Inc 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 surplus of $32K, with revenue exceeding expenses.
Frequently Asked Questions about Salem Global Foundation Inc
Is Salem Global Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salem Global Foundation Inc (EIN: 862511474) insufficient data. 0 red flags identified, 0 strengths noted.
How does Salem Global Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Salem Global Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Salem Global Foundation Inc tax-deductible?
Salem Global Foundation Inc is registered as a tax-exempt nonprofit (EIN: 862511474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Salem Global Foundation Inc located?
Salem Global Foundation Inc is headquartered in Haddam, Connecticut and files with the IRS under EIN 862511474. It is classified under NTEE code P12.
How many years of IRS 990 filings does Salem Global Foundation Inc have?
Salem Global Foundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $129K in total revenue.
Filing History
IRS 990 filing history for Salem Global Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2023), Salem Global Foundation Inc's revenue has declined by 21.2%, moving from $103K to $81K. Total assets increased by 56.4% over the same period, from $61K to $95K. Total functional expenses rose by 15.2%, from $42K to $49K. In its most recent filing year (2023), Salem Global Foundation Inc reported a surplus of $32K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $49K | $95K | $0 | — | View 990 |
| 2021 | $103K | $42K | $61K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salem Global Foundation Inc:
Data Sources and Methodology
This transparency report for Salem Global Foundation 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.