Salt Lake American
Salt Lake American consistently operates with 0% officer compensation and expenses closely matching revenues.
EIN: 205361935 · Salt Lake Cty, UT · NTEE: X40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $43K |
| Program Spending | 90% |
| Net Assets | $7K |
| Transparency Score | 92/100 |
Is Salt Lake American Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salt Lake American directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salt Lake American
Salt Lake American (EIN: 205361935) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code X40. The organization reported total revenue of $77K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salt Lake American's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salt Lake American is a micro nonprofit that has been operating for 19 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -20.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $43K |
| Surplus / Deficit | +$1K |
| Total Assets | $17K |
| Total Liabilities | $10K |
| Net Assets | $7K |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 57.3% |
| Months of Reserves | 4.8 months |
Financial Health Grade: A
In 2023, Salt Lake American reported a surplus of $1K with revenue exceeding expenses, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 57.3% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Salt Lake American's revenue has declined at a compound annual growth rate (CAGR) of -20.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.4% | -37.1% | -33.3% |
| 2022 | +25.4% | +50.8% | -9.3% |
| 2021 | -38.6% | -48.9% | +464.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Salt Lake American 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Salt Lake American allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors receive salaries from the organization. This is a highly positive aspect for an organization of its size, suggesting a volunteer-driven leadership model and a strong commitment to directing all financial resources towards its programmatic goals.
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.
Strengths
The following positive indicators were identified for Salt Lake American:
- Consistent 0% officer compensation, indicating strong commitment to mission spending.
- Expenses closely track revenues, suggesting efficient use of funds and minimal accumulation of excess.
- Regular IRS 990 filings demonstrate transparency and compliance.
- Modest asset growth from $5,011 in 2020 to $27,015 currently, indicating increasing financial stability.
Frequently Asked Questions about Salt Lake American
Is Salt Lake American a legitimate charity?
Based on AI analysis of IRS 990 filings, Salt Lake American (EIN: 205361935) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Salt Lake American spend its money?
Salt Lake American directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salt Lake American tax-deductible?
Salt Lake American is registered as a tax-exempt nonprofit (EIN: 205361935). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Salt Lake American's spending goes to programs?
Salt Lake American directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Salt Lake American compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Salt Lake American is above average for NTEE category X40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salt Lake American located?
Salt Lake American is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 205361935. It is classified under NTEE code X40.
How many years of IRS 990 filings does Salt Lake American have?
Salt Lake American has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $77K in total revenue.
Is Salt Lake American a good charity?
Based on the available IRS 990 data, Salt Lake American appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. Its expenses closely match its revenues, suggesting efficient use of funds, and it has shown modest asset growth.
How has Salt Lake American's revenue trended over the past four years?
Salt Lake American's revenue has fluctuated over the past four years: $88,604 in 2020, $54,375 in 2021, $68,208 in 2022, and $44,056 in 2023. The latest reported revenue is $76,931.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to pay 0% to officers, directors, trustees, and key employees, as consistently reported in all available IRS 990 filings. This indicates a volunteer-led or unpaid leadership structure.
Filing History
IRS 990 filing history for Salt Lake American showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Salt Lake American's revenue has declined by 50.3%, moving from $89K to $44K. Total assets increased by 241.2% over the same period, from $5K to $17K. Total functional expenses fell by 51.6%, from $89K to $43K. In its most recent filing year (2023), Salt Lake American reported a surplus of $1K, with revenue exceeding expenses. The organization holds $10K in liabilities against $17K in assets (debt-to-asset ratio: 57.3%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $44K | $43K | $17K | $10K | — | View 990 |
| 2022 | $68K | $68K | $26K | $12K | — | View 990 |
| 2021 | $54K | $45K | $28K | $14K | — | — |
| 2020 | $89K | $89K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $44K, expenses of $43K, and assets of $17K (revenue -35.4% year-over-year).
- 2022: Revenue of $68K, expenses of $68K, and assets of $26K (revenue +25.4% year-over-year).
- 2021: Revenue of $54K, expenses of $45K, and assets of $28K (revenue -38.6% year-over-year).
- 2020: Revenue of $89K, expenses of $89K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salt Lake American:
Data Sources and Methodology
This transparency report for Salt Lake American 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.