Salem Lutheran Homes Charitable Foundation
EIN: 421306694 · Elk Horn, IA · NTEE: P75I
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $23K |
| Net Assets | $861K |
Is Salem Lutheran Homes Charitable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Salem Lutheran Homes Charitable Foundation
Salem Lutheran Homes Charitable Foundation (EIN: 421306694) is a nonprofit organization based in Elk Horn, IA, classified under NTEE code P75I. The organization reported total revenue of $152K and total assets of $944K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem Lutheran Homes Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salem Lutheran Homes Charitable Foundation is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $23K |
| Surplus / Deficit | $-4,087 |
| Total Assets | $861K |
| Net Assets | $861K |
| Operating Margin | -22.0% |
| Months of Reserves | 456.3 months |
Financial Health Grade: B
In 2023, Salem Lutheran Homes Charitable Foundation reported a deficit of $4K with expenses exceeding revenue, holds 456.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Salem Lutheran Homes Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.1% | -69.2% | +11.0% |
| 2022 | -76.3% | +224.9% | -15.6% |
| 2021 | -0.9% | -67.1% | +9.4% |
| 2020 | -31.5% | -20.0% | +8.6% |
| 2019 | +348.2% | -57.8% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Salem Lutheran Homes Charitable Foundation 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 Lutheran Homes Charitable Foundation 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 $4K, with expenses exceeding revenue.
Frequently Asked Questions about Salem Lutheran Homes Charitable Foundation
Is Salem Lutheran Homes Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Salem Lutheran Homes Charitable Foundation (EIN: 421306694) insufficient data. 0 red flags identified, 0 strengths noted.
How does Salem Lutheran Homes Charitable Foundation spend its money?
Detailed spending breakdown data is not yet available for Salem Lutheran Homes Charitable Foundation. Check back for updated IRS 990 analysis.
Are donations to Salem Lutheran Homes Charitable Foundation tax-deductible?
Salem Lutheran Homes Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 421306694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Salem Lutheran Homes Charitable Foundation located?
Salem Lutheran Homes Charitable Foundation is headquartered in Elk Horn, Iowa and files with the IRS under EIN 421306694. It is classified under NTEE code P75I.
How many years of IRS 990 filings does Salem Lutheran Homes Charitable Foundation have?
Salem Lutheran Homes Charitable Foundation has 13 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 $152K in total revenue.
Filing History
IRS 990 filing history for Salem Lutheran Homes Charitable Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Salem Lutheran Homes Charitable Foundation's revenue has grown by 34.3%, moving from $14K to $19K. Total assets increased by 38.9% over the same period, from $620K to $861K. Total functional expenses rose by 1227.7%, from $2K to $23K. In its most recent filing year (2023), Salem Lutheran Homes Charitable Foundation reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $23K | $861K | $0 | — | — |
| 2022 | $20K | $74K | $776K | $0 | — | View 990 |
| 2021 | $83K | $23K | $920K | $0 | — | — |
| 2020 | $83K | $69K | $841K | $0 | — | View 990 |
| 2019 | $122K | $86K | $774K | $0 | — | View 990 |
| 2018 | $27K | $204K | $660K | $0 | — | View 990 |
| 2017 | $20K | $62K | $961K | $62K | — | View 990 |
| 2016 | $22K | $0 | $910K | $0 | — | View 990 |
| 2015 | $343K | $331K | $874K | $0 | — | View 990 |
| 2014 | $80K | $95K | $894K | $0 | — | View 990 |
| 2013 | $224K | $117K | $928K | $0 | — | View 990 |
| 2012 | $143K | $0 | $781K | $0 | — | View 990 |
| 2011 | $14K | $2K | $620K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $23K, and assets of $861K (revenue -5.1% year-over-year).
- 2022: Revenue of $20K, expenses of $74K, and assets of $776K (revenue -76.3% year-over-year).
- 2021: Revenue of $83K, expenses of $23K, and assets of $920K (revenue -0.9% year-over-year).
- 2020: Revenue of $83K, expenses of $69K, and assets of $841K (revenue -31.5% year-over-year).
- 2019: Revenue of $122K, expenses of $86K, and assets of $774K (revenue +348.2% year-over-year).
- 2018: Revenue of $27K, expenses of $204K, and assets of $660K (revenue +33.8% year-over-year).
- 2017: Revenue of $20K, expenses of $62K, and assets of $961K (revenue -9.3% year-over-year).
- 2016: Revenue of $22K, expenses of $0, and assets of $910K (revenue -93.5% year-over-year).
- 2015: Revenue of $343K, expenses of $331K, and assets of $874K (revenue +329.7% year-over-year).
- 2014: Revenue of $80K, expenses of $95K, and assets of $894K (revenue -64.4% year-over-year).
- 2013: Revenue of $224K, expenses of $117K, and assets of $928K (revenue +56.8% year-over-year).
- 2012: Revenue of $143K, expenses of $0, and assets of $781K (revenue +935.2% year-over-year).
- 2011: Revenue of $14K, expenses of $2K, and assets of $620K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salem Lutheran Homes Charitable Foundation:
Data Sources and Methodology
This transparency report for Salem Lutheran Homes Charitable Foundation 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.