Salem Mission Inc
Salem Mission Inc. shows consistent revenue growth and no reported executive compensation over a decade.
EIN: 204539306 · Salem, MA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $5.4M |
| Program Spending | 90% |
| Net Assets | $2.8M |
| Transparency Score | 95/100 |
Is Salem Mission Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salem Mission Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salem Mission Inc
Salem Mission Inc (EIN: 204539306) is a nonprofit organization based in Salem, MA, classified under NTEE code P20. The organization reported total revenue of $6.8M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem Mission Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salem Mission Inc is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 18.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.3M |
| Total Expenses | $5.4M |
| Surplus / Deficit | $-121,449 |
| Total Assets | $4.7M |
| Total Liabilities | $1.9M |
| Net Assets | $2.8M |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 40.4% |
| Months of Reserves | 10.4 months |
Financial Health Grade: B
In 2023, Salem Mission Inc reported a deficit of $121K with expenses exceeding revenue, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 40.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Salem Mission Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.8% | +29.2% | +22.7% |
| 2022 | -8.1% | +36.2% | -8.0% |
| 2021 | +66.1% | +14.7% | +29.6% |
| 2020 | +5.7% | +9.5% | +8.2% |
| 2019 | +17.7% | +18.0% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Mission Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Salem Mission Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $121K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.4%.
Executive Compensation Analysis
Salem Mission Inc. reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual and suggests a strong commitment to directing funds towards its mission.
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 Mission Inc:
- Consistent revenue growth over a decade, from $1.1M in 2014 to $5.2M in 2023.
- Zero reported officer compensation across all 12 filings, indicating high efficiency and mission focus.
- Healthy asset growth from $1.8M in 2014 to $4.6M in 2023, demonstrating financial stability.
- Assets consistently exceed liabilities, indicating strong solvency.
- NTEE code P20 (Homeless Services) aligns with direct community impact.
Frequently Asked Questions about Salem Mission Inc
Is Salem Mission Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salem Mission Inc (EIN: 204539306) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Salem Mission Inc spend its money?
Salem Mission Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salem Mission Inc tax-deductible?
Salem Mission Inc is registered as a tax-exempt nonprofit (EIN: 204539306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Salem Mission Inc's spending goes to programs?
Salem Mission Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Salem Mission Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Salem Mission Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salem Mission Inc located?
Salem Mission Inc is headquartered in Salem, Massachusetts and files with the IRS under EIN 204539306. It is classified under NTEE code P20.
How many years of IRS 990 filings does Salem Mission Inc have?
Salem Mission Inc 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 $6.8M in total revenue.
Is Salem Mission Inc. financially stable?
Yes, Salem Mission Inc. appears financially stable. Its assets have consistently grown from $1,835,677 in 201406 to $4,657,239 in 202306, and it maintains a healthy asset-to-liability ratio.
How has Salem Mission Inc.'s revenue changed over time?
Salem Mission Inc. has shown significant revenue growth, increasing from $1,186,109 in 201406 to $5,250,372 in 202306, demonstrating a strong upward trend.
Does Salem Mission Inc. pay its executives?
No, according to the provided IRS 990 data, Salem Mission Inc. has reported 0% officer compensation across all 12 filings, indicating no executive salaries or benefits.
Are Salem Mission Inc.'s expenses under control?
Expenses generally track closely with revenue, sometimes slightly exceeding it (e.g., $5,371,821 expenses vs. $5,250,372 revenue in 202306), suggesting funds are actively deployed for programs rather than accumulating large surpluses.
Filing History
IRS 990 filing history for Salem Mission Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Salem Mission Inc's revenue has grown by 536%, moving from $826K to $5.3M. Total assets increased by 149.1% over the same period, from $1.9M to $4.7M. Total functional expenses rose by 436.4%, from $1.0M to $5.4M. In its most recent filing year (2023), Salem Mission Inc reported a deficit of $121K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $4.7M in assets (debt-to-asset ratio: 40.4%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.3M | $5.4M | $4.7M | $1.9M | — | View 990 |
| 2022 | $3.9M | $4.2M | $3.8M | $930K | — | View 990 |
| 2021 | $4.2M | $3.1M | $4.1M | $1.0M | — | View 990 |
| 2020 | $2.6M | $2.7M | $3.2M | $1.3M | — | View 990 |
| 2019 | $2.4M | $2.4M | $2.9M | $953K | — | View 990 |
| 2018 | $2.1M | $2.1M | $2.9M | $950K | — | View 990 |
| 2017 | $2.0M | $1.9M | $2.9M | $2.5M | — | View 990 |
| 2016 | $1.5M | $1.2M | $2.0M | $1.9M | — | View 990 |
| 2015 | $1.3M | $1.2M | $1.9M | $2.0M | — | View 990 |
| 2014 | $1.2M | $1.1M | $1.8M | $2.0M | — | View 990 |
| 2013 | $959K | $1.1M | $1.8M | $2.0M | — | View 990 |
| 2012 | $826K | $1.0M | $1.9M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.3M, expenses of $5.4M, and assets of $4.7M (revenue +34.8% year-over-year).
- 2022: Revenue of $3.9M, expenses of $4.2M, and assets of $3.8M (revenue -8.1% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.1M, and assets of $4.1M (revenue +66.1% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.7M, and assets of $3.2M (revenue +5.7% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.4M, and assets of $2.9M (revenue +17.7% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $2.9M (revenue +0.8% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.9M, and assets of $2.9M (revenue +38.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.2M, and assets of $2.0M (revenue +15.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $1.9M (revenue +7.5% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $1.8M (revenue +23.7% year-over-year).
- 2013: Revenue of $959K, expenses of $1.1M, and assets of $1.8M (revenue +16.2% year-over-year).
- 2012: Revenue of $826K, expenses of $1.0M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salem Mission Inc:
Data Sources and Methodology
This transparency report for Salem Mission 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.