Salt And Light Company Inc
Salt And Light Company Inc: Consistent Revenue, High Liabilities, and Declining Assets
EIN: 222709739 · Mt Holly, NJ · NTEE: L410 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $2.8M |
| Program Spending | 70% |
| Net Assets | $5.1M |
| Transparency Score | 65/100 |
Is Salt And Light Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salt And Light Company Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Salt And Light Company Inc
Salt And Light Company Inc (EIN: 222709739) is a nonprofit organization based in Mt Holly, NJ, classified under NTEE code L410. The organization reported total revenue of $6.3M and total assets of $15.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salt And Light Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salt And Light Company Inc is a mid-size nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$467K |
| Total Assets | $12.0M |
| Total Liabilities | $6.9M |
| Net Assets | $5.1M |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 57.6% |
| Months of Reserves | 51.8 months |
Financial Health Grade: A
In 2023, Salt And Light Company Inc reported a surplus of $467K with revenue exceeding expenses, holds 51.8 months of operating reserves (strong position), has a debt-to-asset ratio of 57.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Salt And Light Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.5% | +5.7% | +2.9% |
| 2022 | +35.7% | +2.8% | +9.9% |
| 2021 | -3.5% | -1.2% | +1.4% |
| 2020 | +12.4% | +4.5% | +1.8% |
| 2019 | +51.5% | +5.6% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Salt And Light Company 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Salt And Light Company Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $467K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.6%.
Executive Compensation Analysis
Executive compensation information is not available in the provided data, preventing an assessment of its reasonableness.
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 Salt And Light Company Inc's IRS 990 filings:
- High and persistent liabilities, consistently over $6.9 million, suggest potential financial strain or significant long-term obligations.
- A declining trend in total assets from $11.6 million in 2017 to $12.0 million in 2023, while liabilities remain high, could indicate a weakening financial position.
- The provided data lacks specific details on program expenses, administrative costs, and fundraising expenses, making a precise spending breakdown difficult without further information.
Strengths
The following positive indicators were identified for Salt And Light Company Inc:
- Consistent revenue generation, averaging around $3 million annually, demonstrates a stable funding base.
- The organization has maintained operations over several years, indicating resilience and established processes.
Frequently Asked Questions about Salt And Light Company Inc
Is Salt And Light Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salt And Light Company Inc (EIN: 222709739) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Salt And Light Company Inc spend its money?
Salt And Light Company Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salt And Light Company Inc tax-deductible?
Salt And Light Company Inc is registered as a tax-exempt nonprofit (EIN: 222709739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Salt And Light Company Inc's spending goes to programs?
Salt And Light Company Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Salt And Light Company Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Salt And Light Company Inc is above average for NTEE category L410 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salt And Light Company Inc located?
Salt And Light Company Inc is headquartered in Mt Holly, New Jersey and files with the IRS under EIN 222709739. It is classified under NTEE code L410.
How many years of IRS 990 filings does Salt And Light Company Inc have?
Salt And Light Company 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 $6.3M in total revenue.
What does Salt And Light Company Inc do?
Salt And Light Company Inc is a nonprofit organization in the Housing & Shelter sector, located in Mt Holly, New Jersey. It is classified under NTEE code L410.
How much revenue does Salt And Light Company Inc have?
Salt And Light Company Inc reported total revenue of $6,282,937. Based on 12 IRS 990 filings on record.
What are Salt And Light Company Inc's total assets?
Salt And Light Company Inc holds total assets of $15,340,374 as reported in IRS 990 filings.
Where is Salt And Light Company Inc located?
Salt And Light Company Inc is based in Mt Holly, New Jersey.
What is Salt And Light Company Inc's EIN?
Salt And Light Company Inc's Employer Identification Number (EIN) is 222709739. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Salt And Light Company Inc?
Salt And Light Company Inc is classified under NTEE code L410 (Housing & Shelter).
Is Salt And Light Company Inc a registered 501(c)(3)?
Yes, Salt And Light Company Inc is recognized as a tax-exempt organization by the IRS. EIN: 222709739.
Does Salt And Light Company Inc file IRS Form 990?
Yes, Salt And Light Company Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Salt And Light Company Inc's revenue in 2023?
In the 202306 filing period, Salt And Light Company Inc reported total revenue of $3,251,264, total expenses of $2,784,317, and net assets of $12,018,480.
Is Salt And Light Company Inc's revenue growing or declining?
Salt And Light Company Inc's revenue is declining. Revenue went from $4,249,425 (202206) to $3,251,264 (202306), a -23.5% change. Based on 12 filings on record.
What is Salt And Light Company Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Salt And Light Company Inc covers tax period 202306. It shows revenue of $3,251,264, expenses of $2,784,317, total assets of $12,018,480, and liabilities of $6,923,897.
How much does Salt And Light Company Inc spend on programs vs administration?
Based on IRS 990 analysis, Salt And Light Company Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Salt And Light Company Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Salt And Light Company Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Salt And Light Company Inc?
The following concerns were identified: High and persistent liabilities, consistently over $6.9 million, suggest potential financial strain or significant long-term obligations.. A declining trend in total assets from $11.6 million in 2017 to $12.0 million in 2023, while liabilities remain high, could indicate a weakening financial position.. The provided data lacks specific details on program expenses, administrative costs, and fundraising expenses, making a precise spending breakdown difficult without further information.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Salt And Light Company Inc's strengths?
Positive indicators for Salt And Light Company Inc include: Consistent revenue generation, averaging around $3 million annually, demonstrates a stable funding base.. The organization has maintained operations over several years, indicating resilience and established processes.. These findings are derived from AI analysis of the organization's financial filings.
How does Salt And Light Company Inc compensate executives?
Executive compensation information is not available in the provided data, preventing an assessment of its reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the high and stable liabilities, what is the primary nature of these liabilities (e.g., mortgages, program-related debt, operational loans), and how are they being managed to ensure long-term solvency?
Without detailed financial statements beyond the provided summary, the specific nature of the liabilities (e.g., mortgages, program-related debt) cannot be determined. Further investigation into the balance sheet would be required to understand the composition and management strategies for these significant obligations.
What is the organization's strategy for reversing the trend of declining assets, especially in light of consistent revenue, to improve its overall financial health and capacity?
The provided data does not detail the organization's strategic plans for asset management. A comprehensive financial strategy would typically involve evaluating investment opportunities, managing depreciation, and potentially divesting underperforming assets to improve the asset base.
Filing History
IRS 990 filing history for Salt And Light Company Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Salt And Light Company Inc's revenue has grown by 33.3%, moving from $2.4M to $3.3M. Total assets increased by 38% over the same period, from $8.7M to $12.0M. Total functional expenses rose by 53%, from $1.8M to $2.8M. In its most recent filing year (2023), Salt And Light Company Inc reported a surplus of $467K, with revenue exceeding expenses. The organization holds $6.9M in liabilities against $12.0M in assets (debt-to-asset ratio: 57.6%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $2.8M | $12.0M | $6.9M | — | — |
| 2022 | $4.2M | $2.6M | $11.7M | $7.1M | — | View 990 |
| 2021 | $3.1M | $2.6M | $10.6M | $7.7M | — | View 990 |
| 2020 | $3.2M | $2.6M | $10.5M | $8.2M | — | View 990 |
| 2019 | $2.9M | $2.5M | $10.3M | $8.6M | — | View 990 |
| 2018 | $1.9M | $2.4M | $10.6M | $9.3M | — | View 990 |
| 2017 | $1.9M | $2.2M | $11.6M | $9.4M | — | View 990 |
| 2016 | $2.4M | $2.1M | $11.6M | $9.3M | — | View 990 |
| 2015 | $2.2M | $2.3M | $11.0M | $7.9M | — | View 990 |
| 2014 | $2.1M | $2.7M | $11.3M | $8.2M | — | View 990 |
| 2013 | $2.9M | $1.9M | $10.4M | $6.1M | — | View 990 |
| 2012 | $2.4M | $1.8M | $8.7M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $2.8M, and assets of $12.0M (revenue -23.5% year-over-year).
- 2022: Revenue of $4.2M, expenses of $2.6M, and assets of $11.7M (revenue +35.7% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.6M, and assets of $10.6M (revenue -3.5% year-over-year).
- 2020: Revenue of $3.2M, expenses of $2.6M, and assets of $10.5M (revenue +12.4% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.5M, and assets of $10.3M (revenue +51.5% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.4M, and assets of $10.6M (revenue +1.2% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.2M, and assets of $11.6M (revenue -20.2% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.1M, and assets of $11.6M (revenue +5.3% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.3M, and assets of $11.0M (revenue +4.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.7M, and assets of $11.3M (revenue -27.1% year-over-year).
- 2013: Revenue of $2.9M, expenses of $1.9M, and assets of $10.4M (revenue +21.0% year-over-year).
- 2012: Revenue of $2.4M, expenses of $1.8M, and assets of $8.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salt And Light Company Inc:
Data Sources and Methodology
This transparency report for Salt And Light Company 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.