Salisbury Foundation For Research & Education
Salisbury Foundation For Research & Education consistently maintains significant financial surpluses and asset growth with no reported officer compensation.
EIN: 205582784 · Salisbury, NC · NTEE: H99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $440K |
| Total Expenses | $271K |
| Program Spending | 90% |
| Net Assets | $2.4M |
| Transparency Score | 92/100 |
Is Salisbury Foundation For Research & Education Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salisbury Foundation For Research & Education directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salisbury Foundation For Research & Education
Salisbury Foundation For Research & Education (EIN: 205582784) is a nonprofit organization based in Salisbury, NC, classified under NTEE code H99. The organization reported total revenue of $440K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salisbury Foundation For Research & Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salisbury Foundation For Research & Education is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $553K |
| Total Expenses | $271K |
| Surplus / Deficit | +$282K |
| Total Assets | $2.4M |
| Total Liabilities | $821 |
| Net Assets | $2.4M |
| Operating Margin | 50.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 105.8 months |
Financial Health Grade: A
In 2023, Salisbury Foundation For Research & Education reported a surplus of $282K with revenue exceeding expenses, holds 105.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Salisbury Foundation For Research & Education's revenue has grown at a compound annual growth rate (CAGR) of 29.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | -4.7% | +13.3% |
| 2022 | +72.4% | +190.7% | +13.2% |
| 2021 | -4.1% | +49.5% | +15.0% |
| 2020 | -37.7% | -40.4% | +18.4% |
| 2019 | +19.0% | +11.4% | +39.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2011 |
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 Salisbury Foundation For Research & Education 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Salisbury Foundation For Research & Education allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $282K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its 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.
Red Flags
The following concerns were identified during AI analysis of Salisbury Foundation For Research & Education's IRS 990 filings:
- Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided summary data.
Strengths
The following positive indicators were identified for Salisbury Foundation For Research & Education:
- Consistent financial surpluses year over year (e.g., $553,341 revenue vs. $271,497 expenses in 2023).
- Significant and consistent growth in assets, from $124,965 in 2015 to $2,393,698 in 2023.
- Zero reported officer compensation across all available filings, indicating strong dedication to mission.
- Very low liabilities relative to assets, suggesting strong financial management and minimal debt.
- Consistent filing history demonstrating transparency and compliance.
Frequently Asked Questions about Salisbury Foundation For Research & Education
Is Salisbury Foundation For Research & Education a legitimate charity?
Salisbury Foundation For Research & Education (EIN: 205582784) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $440K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Salisbury Foundation For Research & Education spend its money?
Salisbury Foundation For Research & Education directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Salisbury Foundation For Research & Education tax-deductible?
Salisbury Foundation For Research & Education is registered as a tax-exempt nonprofit (EIN: 205582784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Salisbury Foundation For Research & Education's spending goes to programs?
Salisbury Foundation For Research & Education directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Salisbury Foundation For Research & Education compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Salisbury Foundation For Research & Education is above average for NTEE category H99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salisbury Foundation For Research & Education located?
Salisbury Foundation For Research & Education is headquartered in Salisbury, North Carolina and files with the IRS under EIN 205582784. It is classified under NTEE code H99.
How many years of IRS 990 filings does Salisbury Foundation For Research & Education have?
Salisbury Foundation For Research & Education 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 $440K in total revenue.
Is Salisbury Foundation For Research & Education financially stable?
Yes, the organization appears very financially stable, consistently reporting significant surpluses (e.g., $553,341 revenue vs. $271,497 expenses in 2023) and substantial asset growth, reaching $2,393,698 in 2023.
How does Salisbury Foundation For Research & Education manage its executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that no executive salaries are paid, which is a strong positive for transparency and resource allocation.
Has the organization's financial health improved over time?
Yes, the organization has shown consistent financial growth, with assets increasing from $124,965 in 2015 to $2,393,698 in 2023, and revenues generally trending upwards.
What is the organization's spending efficiency?
While specific program vs. administrative expense ratios are not detailed, the overall expense-to-revenue ratio is very low (e.g., 2023 expenses were less than half of revenue), suggesting high spending efficiency and a strong focus on mission-related activities.
Filing History
IRS 990 filing history for Salisbury Foundation For Research & Education showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Salisbury Foundation For Research & Education's revenue has grown by 2087.1%, moving from $25K to $553K. Total assets increased by 3584.9% over the same period, from $65K to $2.4M. Total functional expenses rose by 1451%, from $18K to $271K. In its most recent filing year (2023), Salisbury Foundation For Research & Education reported a surplus of $282K, with revenue exceeding expenses. The organization holds $821 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $553K | $271K | $2.4M | $821 | — | View 990 |
| 2022 | $528K | $285K | $2.1M | $2K | — | View 990 |
| 2021 | $306K | $98K | $1.9M | $3K | — | View 990 |
| 2020 | $319K | $66K | $1.6M | $2K | — | View 990 |
| 2019 | $513K | $110K | $1.4M | $3K | — | View 990 |
| 2018 | $431K | $99K | $981K | $1K | — | View 990 |
| 2017 | $247K | $136K | $443K | $1K | — | View 990 |
| 2016 | $433K | $227K | $330K | $0 | — | View 990 |
| 2015 | $107K | $25K | $125K | $0 | — | View 990 |
| 2014 | $14K | $17K | $43K | $0 | — | View 990 |
| 2013 | $14K | $28K | $46K | $0 | — | View 990 |
| 2012 | $6K | $11K | $60K | $0 | — | View 990 |
| 2011 | $25K | $18K | $65K | $105 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $553K, expenses of $271K, and assets of $2.4M (revenue +4.8% year-over-year).
- 2022: Revenue of $528K, expenses of $285K, and assets of $2.1M (revenue +72.4% year-over-year).
- 2021: Revenue of $306K, expenses of $98K, and assets of $1.9M (revenue -4.1% year-over-year).
- 2020: Revenue of $319K, expenses of $66K, and assets of $1.6M (revenue -37.7% year-over-year).
- 2019: Revenue of $513K, expenses of $110K, and assets of $1.4M (revenue +19.0% year-over-year).
- 2018: Revenue of $431K, expenses of $99K, and assets of $981K (revenue +74.5% year-over-year).
- 2017: Revenue of $247K, expenses of $136K, and assets of $443K (revenue -42.9% year-over-year).
- 2016: Revenue of $433K, expenses of $227K, and assets of $330K (revenue +305.1% year-over-year).
- 2015: Revenue of $107K, expenses of $25K, and assets of $125K (revenue +663.8% year-over-year).
- 2014: Revenue of $14K, expenses of $17K, and assets of $43K (revenue +0.5% year-over-year).
- 2013: Revenue of $14K, expenses of $28K, and assets of $46K (revenue +121.3% year-over-year).
- 2012: Revenue of $6K, expenses of $11K, and assets of $60K (revenue -75.2% year-over-year).
- 2011: Revenue of $25K, expenses of $18K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salisbury Foundation For Research & Education:
Data Sources and Methodology
This transparency report for Salisbury Foundation For Research & Education 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.