Salmagundi Club
Salmagundi Club maintains stable finances with volunteer leadership and consistent asset base.
EIN: 135365520 · New York, NY · NTEE: A20C · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $2.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $4.7M |
| Transparency Score | 85/100 |
Is Salmagundi Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salmagundi Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salmagundi Club
Salmagundi Club (EIN: 135365520) is a nonprofit organization based in New York, NY, classified under NTEE code A20C. The organization reported total revenue of $3.7M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salmagundi Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salmagundi Club is a mid-size nonprofit that has been operating for 65 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-186,475 |
| Total Assets | $5.1M |
| Total Liabilities | $436K |
| Net Assets | $4.7M |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 24.3 months |
Financial Health Grade: B
In 2023, Salmagundi Club reported a deficit of $186K with expenses exceeding revenue, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Salmagundi Club's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +7.3% | -3.7% |
| 2022 | +48.0% | +48.9% | -12.4% |
| 2021 | +7.2% | +40.8% | +7.1% |
| 2020 | +8.4% | -27.8% | +5.8% |
| 2019 | -7.8% | -6.1% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1961 |
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 Salmagundi Club with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Salmagundi Club 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $186K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly unusual for an organization with over $2 million in annual revenue and over $5 million in assets.
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 Salmagundi Club's IRS 990 filings:
- Lack of detailed program vs. administrative spending breakdown in summary data.
Strengths
The following positive indicators were identified for Salmagundi Club:
- Consistent financial stability with revenues generally exceeding expenses.
- Strong and stable asset base, consistently above $5 million.
- Remarkable 0% officer compensation, indicating volunteer leadership and potentially low administrative overhead.
- Excellent asset-to-liabilities ratio (e.g., 11.8:1 in 2023), demonstrating strong financial health.
- Consistent and timely IRS 990 filing history (14 filings), indicating good transparency.
Frequently Asked Questions about Salmagundi Club
Is Salmagundi Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Salmagundi Club (EIN: 135365520) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Salmagundi Club spend its money?
Salmagundi Club directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salmagundi Club tax-deductible?
Salmagundi Club is registered as a tax-exempt nonprofit (EIN: 135365520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Salmagundi Club CEO make?
Salmagundi Club's highest-compensated officer earns $2 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Salmagundi Club's spending goes to programs?
Salmagundi Club directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Salmagundi Club compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Salmagundi Club is above average for NTEE category A20C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salmagundi Club located?
Salmagundi Club is headquartered in New York, New York and files with the IRS under EIN 135365520. It is classified under NTEE code A20C.
How many years of IRS 990 filings does Salmagundi Club have?
Salmagundi Club has 14 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 $3.7M in total revenue.
Is Salmagundi Club a good charity?
Based on the provided data, the Salmagundi Club appears to be a financially stable organization with a strong asset base and a remarkable commitment to volunteer leadership (0% officer compensation). Its consistent filing of IRS 990s indicates transparency. However, without detailed program spending breakdowns, it's challenging to fully assess its programmatic impact and efficiency.
How has Salmagundi Club's revenue trended over time?
The Salmagundi Club's revenue has shown growth, increasing from $1,305,995 in 2014 to $2,349,485 in 2023, with a peak of $2,508,653 in 2022. This indicates a positive trend in financial support and activity.
What is the organization's asset-to-liability ratio?
In 2023, the Salmagundi Club had assets of $5,142,541 and liabilities of $435,928, resulting in a strong asset-to-liability ratio of approximately 11.8:1. This indicates excellent financial solvency and a low risk of financial distress.
Does the Salmagundi Club have high administrative costs?
While specific administrative cost percentages are not provided, the reported 0% officer compensation across all filings strongly suggests that the organization likely has lower administrative overhead compared to many nonprofits, as a significant portion of administrative costs often comes from executive salaries.
How consistent are the Salmagundi Club's financial filings?
The Salmagundi Club has a consistent filing history, with 14 IRS 990 filings available, demonstrating a regular and timely commitment to financial transparency and compliance.
Filing History
IRS 990 filing history for Salmagundi Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Salmagundi Club's revenue has grown by 108.9%, moving from $1.1M to $2.3M. Total assets increased by 74.2% over the same period, from $3.0M to $5.1M. Total functional expenses rose by 121.9%, from $1.1M to $2.5M. In its most recent filing year (2023), Salmagundi Club reported a deficit of $186K, with expenses exceeding revenue. The organization holds $436K in liabilities against $5.1M in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.5M | $5.1M | $436K | — | — |
| 2022 | $2.5M | $2.4M | $5.3M | $411K | — | View 990 |
| 2021 | $1.7M | $1.6M | $6.1M | $536K | — | View 990 |
| 2020 | $1.6M | $1.1M | $5.7M | $609K | — | View 990 |
| 2019 | $1.5M | $1.6M | $5.4M | $741K | — | View 990 |
| 2018 | $1.6M | $1.7M | $5.1M | $757K | — | View 990 |
| 2017 | $1.6M | $1.7M | $5.2M | $567K | — | View 990 |
| 2016 | $1.8M | $1.5M | $5.2M | $534K | — | View 990 |
| 2015 | $1.6M | $1.5M | $5.1M | $663K | — | View 990 |
| 2014 | $1.3M | $1.2M | $5.2M | $554K | — | View 990 |
| 2013 | $2.0M | $856K | $4.8M | $297K | — | View 990 |
| 2012 | $1.0M | $1.1M | $3.5M | $188K | — | View 990 |
| 2011 | $1.7M | $1.2M | $3.4M | $165K | — | View 990 |
| 2010 | $1.1M | $1.1M | $3.0M | $294K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.5M, and assets of $5.1M (revenue -6.3% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.4M, and assets of $5.3M (revenue +48.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $6.1M (revenue +7.2% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.1M, and assets of $5.7M (revenue +8.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $5.4M (revenue -7.8% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $5.1M (revenue -3.1% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $5.2M (revenue -9.0% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.5M, and assets of $5.2M (revenue +11.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $5.1M (revenue +23.0% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $5.2M (revenue -33.4% year-over-year).
- 2013: Revenue of $2.0M, expenses of $856K, and assets of $4.8M (revenue +87.4% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $3.5M (revenue -40.1% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.2M, and assets of $3.4M (revenue +55.1% year-over-year).
- 2010: Revenue of $1.1M, expenses of $1.1M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salmagundi Club:
Data Sources and Methodology
This transparency report for Salmagundi Club 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.