Salemhaven Inc

Salemhaven Inc. faces recurring operational deficits and declining assets over recent years.

EIN: 20325847 · Salem, NH · NTEE: E91Z · Updated: 2026-03-28

$14.1MRevenue

$6.1MAssets

65/100Mission Score (Good)

E91Z

About Salemhaven Inc

Salemhaven Inc (EIN: 20325847) is a nonprofit organization based in Salem, NH, classified under NTEE code E91Z. The organization reported total revenue of $14.1M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salemhaven Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Salemhaven Inc. demonstrates a consistent operational pattern, with revenues generally hovering around the $11-12 million mark, though the 2020 period saw a notable spike to over $15 million. A key concern is the recent trend of expenses exceeding revenue, particularly in the last three reported periods (2021-2023). For instance, in 2023, expenses were $14,580,117 against revenues of $12,070,998, indicating a deficit. This sustained operational deficit could impact long-term financial stability if not addressed.

The organization's assets have shown a significant decline from a peak of $12,265,011 in 2014 to $6,261,617 in 2023, while liabilities have fluctuated but remained substantial, reaching $5,265,611 in 2023. This trend suggests a weakening balance sheet. The consistent reporting of 0% officer compensation across all filings indicates a high degree of transparency regarding executive pay, suggesting that the organization's leadership is either unpaid or compensated through other means not categorized as 'officer compensation' on the 990, which warrants further investigation for complete clarity.

Overall, while the organization maintains a significant operational scale, its recent financial performance, marked by recurring deficits and declining assets, raises questions about its long-term sustainability. The transparency in executive compensation is a positive, but the financial trends suggest a need for strategic adjustments to ensure continued financial health and program delivery.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Salemhaven Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Salemhaven Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size ($14M+ revenue), suggesting either a fully volunteer leadership or compensation structured in a way that is not reported in this specific section of the 990, which requires further scrutiny for full transparency.

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 Salemhaven Inc's IRS 990 filings:

Recurring operational deficits: Expenses have consistently exceeded revenue in the last three reported periods (2021-2023).
Significant decline in assets: Total assets have nearly halved from 2014 to 2023.
Unusual 0% officer compensation reporting for an organization of this size.

Strengths

The following positive indicators were identified for Salemhaven Inc:

Consistent revenue generation: The organization has maintained over $11 million in revenue for many years, indicating a stable operational base.
Long filing history: 13 years of IRS 990 filings provide extensive data for analysis, demonstrating a commitment to regulatory compliance.
Potential for high program efficiency: Assuming the 0% officer compensation is accurate, it suggests resources are heavily directed elsewhere, potentially to programs.

Frequently Asked Questions about Salemhaven Inc

Is Salemhaven Inc. financially sustainable given its recent deficits?

Salemhaven Inc. has reported expenses exceeding revenue for the past three fiscal periods (2021-2023), with a deficit of over $2.5 million in 2023 alone ($14,580,117 expenses vs. $12,070,998 revenue). This trend raises concerns about its long-term financial sustainability.

Why have the organization's assets significantly decreased?

The organization's assets have decreased from a high of $12,265,011 in 2014 to $6,261,617 in 2023, a reduction of nearly 50%. This decline, coupled with increasing liabilities in some periods, indicates a weakening balance sheet.

How is executive compensation handled if 0% is reported?

The 990 filings consistently show 0% for officer compensation. For an organization with over $14 million in revenue, this is highly unusual and suggests that executive compensation might be reported under other expense categories or that the leadership is entirely volunteer, which would require further clarification to understand the full compensation structure.

Filing History

IRS 990 filing history for Salemhaven Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Salemhaven Inc's revenue has grown by 16.6%, moving from $10.3M to $12.1M. Total assets decreased by 46.8% over the same period, from $11.8M to $6.3M. Total functional expenses rose by 47.5%, from $9.9M to $14.6M. In its most recent filing year (2023), Salemhaven Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $6.3M in assets (debt-to-asset ratio: 84.1%), resulting in net assets of $996K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$12.1M	$14.6M	$6.3M	$5.3M	—	View 990
2022	$11.6M	$14.5M	$7.1M	$3.6M	—	View 990
2021	$12.5M	$13.3M	$10.8M	$3.6M	—	View 990
2020	$15.1M	$12.9M	$11.5M	$3.8M	—	View 990
2019	$11.9M	$12.5M	$10.0M	$4.2M	—	View 990
2018	$12.1M	$12.6M	$10.1M	$4.1M	—	View 990
2017	$11.5M	$12.1M	$10.9M	$4.1M	—	View 990
2016	$11.6M	$11.9M	$11.7M	$4.6M	—	View 990
2015	$12.1M	$12.0M	$12.0M	$4.8M	—	View 990
2014	$11.3M	$11.1M	$12.3M	$5.0M	—	View 990
2013	$10.7M	$10.4M	$11.9M	$4.9M	—	View 990
2012	$10.0M	$10.1M	$11.6M	$5.0M	—	View 990
2011	$10.3M	$9.9M	$11.8M	$5.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $12.1M, expenses of $14.6M, and assets of $6.3M (revenue +4.5% year-over-year).
2022: Revenue of $11.6M, expenses of $14.5M, and assets of $7.1M (revenue -7.9% year-over-year).
2021: Revenue of $12.5M, expenses of $13.3M, and assets of $10.8M (revenue -17.0% year-over-year).
2020: Revenue of $15.1M, expenses of $12.9M, and assets of $11.5M (revenue +26.9% year-over-year).
2019: Revenue of $11.9M, expenses of $12.5M, and assets of $10.0M (revenue -1.3% year-over-year).
2018: Revenue of $12.1M, expenses of $12.6M, and assets of $10.1M (revenue +4.6% year-over-year).
2017: Revenue of $11.5M, expenses of $12.1M, and assets of $10.9M (revenue -0.9% year-over-year).
2016: Revenue of $11.6M, expenses of $11.9M, and assets of $11.7M (revenue -3.9% year-over-year).
2015: Revenue of $12.1M, expenses of $12.0M, and assets of $12.0M (revenue +6.9% year-over-year).
2014: Revenue of $11.3M, expenses of $11.1M, and assets of $12.3M (revenue +6.1% year-over-year).
2013: Revenue of $10.7M, expenses of $10.4M, and assets of $11.9M (revenue +6.4% year-over-year).
2012: Revenue of $10.0M, expenses of $10.1M, and assets of $11.6M (revenue -3.1% year-over-year).
2011: Revenue of $10.3M, expenses of $9.9M, and assets of $11.8M.

Data Sources and Methodology

This transparency report for Salemhaven 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.