Salma Khatoon Academy Inc
Salma Khatoon Academy Inc. reports $0 in assets and significantly reduced revenue, indicating potential operational cessation.
EIN: 205151027 · Wallingford, CT · NTEE: B99 · Updated: 2026-03-28
Is Salma Khatoon Academy Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salma Khatoon Academy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salma Khatoon Academy Inc
Salma Khatoon Academy Inc (EIN: 205151027) is a nonprofit organization based in Wallingford, CT, classified under NTEE code B99. The organization reported total revenue of $69K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salma Khatoon Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salma Khatoon Academy Inc is a micro nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -23.4%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $62K |
| Surplus / Deficit | $-6,405 |
| Total Assets | $1.1M |
| Total Liabilities | $14K |
| Net Assets | $1.1M |
| Operating Margin | -11.6% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 224.1 months |
Financial Health Grade: B
In 2018, Salma Khatoon Academy Inc reported a deficit of $6K with expenses exceeding revenue, holds 224.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Salma Khatoon Academy Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -55.4% | -22.9% | -1.5% |
| 2017 | -81.7% | +83.5% | -3.1% |
| 2016 | +88.6% | -87.8% | +111.8% |
| 2015 | +68.4% | +10.9% | -3.0% |
| 2014 | -47.0% | -8.2% | -15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Salma Khatoon Academy Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Salma Khatoon Academy Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all available filings, indicating a reliance on volunteer leadership and a commitment to minimizing executive pay, which is commendable given its varying revenue levels.
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 Salma Khatoon Academy Inc's IRS 990 filings:
- Complete depletion of assets from over $1.2 million to $0.
- Significant and sustained decline in revenue from a peak of $673,466 to $69,219.
- Potential operational cessation indicated by $0 assets and low revenue.
- Lack of detailed expense breakdown to assess program efficiency.
Strengths
The following positive indicators were identified for Salma Khatoon Academy Inc:
- Consistent reporting of 0% officer compensation across all filings.
- Historically managed significant assets (over $1.2 million in 2016-2017).
Frequently Asked Questions about Salma Khatoon Academy Inc
Is Salma Khatoon Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salma Khatoon Academy Inc (EIN: 205151027) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does Salma Khatoon Academy Inc spend its money?
Salma Khatoon Academy Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salma Khatoon Academy Inc tax-deductible?
Salma Khatoon Academy Inc is registered as a tax-exempt nonprofit (EIN: 205151027). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Salma Khatoon Academy Inc. still operational given its $0 assets and low revenue?
The latest filing showing $0 in assets and revenue of $69,219, a significant drop from previous years, strongly suggests the organization may no longer be actively operating or is in the process of winding down.
What caused the dramatic decline in assets from over $1.2 million to $0?
The provided data does not specify the reasons for the asset depletion. This would require reviewing the full IRS Form 990 filings for detailed financial statements and explanations.
How did the organization manage to operate with $0 in assets?
An organization reporting $0 in assets typically indicates it has either ceased operations, transferred all assets, or is operating on a purely cash-flow basis with no significant holdings, which is unusual for a sustained entity.
Filing History
IRS 990 filing history for Salma Khatoon Academy Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Salma Khatoon Academy Inc's revenue has declined by 84.6%, moving from $357K to $55K. Total assets increased by 82.4% over the same period, from $630K to $1.1M. Total functional expenses fell by 83.3%, from $368K to $62K. In its most recent filing year (2018), Salma Khatoon Academy Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $14K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $55K | $62K | $1.1M | $14K | — | View 990 |
| 2017 | $123K | $80K | $1.2M | $0 | — | View 990 |
| 2016 | $673K | $43K | $1.2M | $71K | — | View 990 |
| 2015 | $357K | $355K | $568K | $65K | — | View 990 |
| 2014 | $212K | $320K | $586K | $85K | — | View 990 |
| 2013 | $400K | $349K | $691K | $82K | — | View 990 |
| 2012 | $304K | $369K | $643K | $85K | — | View 990 |
| 2011 | $357K | $368K | $630K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $55K, expenses of $62K, and assets of $1.1M (revenue -55.4% year-over-year).
- 2017: Revenue of $123K, expenses of $80K, and assets of $1.2M (revenue -81.7% year-over-year).
- 2016: Revenue of $673K, expenses of $43K, and assets of $1.2M (revenue +88.6% year-over-year).
- 2015: Revenue of $357K, expenses of $355K, and assets of $568K (revenue +68.4% year-over-year).
- 2014: Revenue of $212K, expenses of $320K, and assets of $586K (revenue -47.0% year-over-year).
- 2013: Revenue of $400K, expenses of $349K, and assets of $691K (revenue +31.7% year-over-year).
- 2012: Revenue of $304K, expenses of $369K, and assets of $643K (revenue -15.0% year-over-year).
- 2011: Revenue of $357K, expenses of $368K, and assets of $630K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salma Khatoon Academy Inc:
Data Sources and Methodology
This transparency report for Salma Khatoon Academy 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.