The Salem Pantry Inc
The Salem Pantry Inc experiences rapid revenue growth with 0% officer compensation reported across all filings.
EIN: 201691756 · Salem, MA · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $4.6M |
| Program Spending | 85% |
| Net Assets | $1.3M |
| Transparency Score | 92/100 |
Is The Salem Pantry Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Salem Pantry Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Salem Pantry Inc
The Salem Pantry Inc (EIN: 201691756) is a nonprofit organization based in Salem, MA, classified under NTEE code K31. The organization reported total revenue of $4.5M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Salem Pantry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Salem Pantry Inc is a mid-size nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 60.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$107K |
| Total Assets | $1.6M |
| Total Liabilities | $242K |
| Net Assets | $1.3M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 4.0 months |
Financial Health Grade: A
In 2023, The Salem Pantry Inc reported a surplus of $107K with revenue exceeding expenses, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), The Salem Pantry Inc's revenue has grown at a compound annual growth rate (CAGR) of 60.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.5% | +63.3% | +25.2% |
| 2022 | +52.9% | +38.1% | +69.7% |
| 2021 | +11.3% | +37.7% | +7.3% |
| 2020 | +376.3% | +319.4% | +439.9% |
| 2019 | +845.8% | +609.6% | +84.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 The Salem Pantry Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Salem Pantry Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $107K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.6%.
Executive Compensation Analysis
The Salem Pantry Inc consistently reports 0% officer compensation across all 14 available filings, indicating that no salaries were paid to officers, which is highly commendable for a growing organization and suggests a strong volunteer or low-cost leadership model.
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 The Salem Pantry Inc's IRS 990 filings:
- Rapid growth could strain operational capacity if not managed carefully.
Strengths
The following positive indicators were identified for The Salem Pantry Inc:
- Exceptional revenue growth, increasing from $408,327 in 2019 to $4,717,033 in 2023.
- Consistent reporting of 0% officer compensation across all 14 filings, indicating high transparency and dedication of resources to mission.
- Strong asset accumulation, reaching $1,552,724 by 2023, demonstrating financial stability.
- Low liabilities relative to assets, suggesting good financial management and solvency.
- Clear program focus as indicated by NTEE code K31 (Food Banks & Pantries) and implied high program spending ratio.
Frequently Asked Questions about The Salem Pantry Inc
Is The Salem Pantry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Salem Pantry Inc (EIN: 201691756) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does The Salem Pantry Inc spend its money?
The Salem Pantry Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Salem Pantry Inc tax-deductible?
The Salem Pantry Inc is registered as a tax-exempt nonprofit (EIN: 201691756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Salem Pantry Inc's spending goes to programs?
The Salem Pantry Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Salem Pantry Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Salem Pantry Inc is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Salem Pantry Inc located?
The Salem Pantry Inc is headquartered in Salem, Massachusetts and files with the IRS under EIN 201691756. It is classified under NTEE code K31.
How many years of IRS 990 filings does The Salem Pantry Inc have?
The Salem Pantry Inc 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 $4.5M in total revenue.
Is The Salem Pantry Inc a good charity?
Based on its financial data, The Salem Pantry Inc appears to be a very good charity. It demonstrates rapid growth, strong program focus, and exceptional transparency regarding executive compensation (0% reported).
How has The Salem Pantry Inc's revenue changed over time?
The Salem Pantry Inc has experienced explosive revenue growth, increasing from $408,327 in 2019 to $4,717,033 in 2023, a more than tenfold increase in five years.
What is The Salem Pantry Inc's financial health?
The organization's financial health is strong, with consistent revenue growth, increasing assets ($1,552,724 in 2023), and relatively low liabilities ($242,452 in 2023), indicating good solvency and financial management.
Filing History
IRS 990 filing history for The Salem Pantry Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), The Salem Pantry Inc's revenue has grown by 28771.5%, moving from $16K to $4.7M. Total assets increased by 3660.1% over the same period, from $41K to $1.6M. Total functional expenses rose by 23229.6%, from $20K to $4.6M. In its most recent filing year (2023), The Salem Pantry Inc reported a surplus of $107K, with revenue exceeding expenses. The organization holds $242K in liabilities against $1.6M in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.6M | $1.6M | $242K | — | — |
| 2022 | $3.3M | $2.8M | $1.2M | $38K | — | View 990 |
| 2021 | $2.2M | $2.0M | $731K | $17K | — | View 990 |
| 2020 | $1.9M | $1.5M | $681K | $89K | — | — |
| 2019 | $408K | $354K | $126K | $721 | — | View 990 |
| 2018 | $43K | $50K | $69K | $0 | — | View 990 |
| 2017 | $46K | $47K | $73K | $0 | — | View 990 |
| 2016 | $46K | $39K | $66K | $0 | — | View 990 |
| 2015 | $45K | $33K | $66K | $0 | — | View 990 |
| 2014 | $28K | $30K | $54K | $0 | — | View 990 |
| 2013 | $28K | $26K | $56K | $0 | — | View 990 |
| 2012 | $33K | $22K | $53K | $0 | — | View 990 |
| 2011 | $16K | $20K | $41K | $0 | — | View 990 |
| 2011 | $16K | $20K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.6M, and assets of $1.6M (revenue +42.5% year-over-year).
- 2022: Revenue of $3.3M, expenses of $2.8M, and assets of $1.2M (revenue +52.9% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.0M, and assets of $731K (revenue +11.3% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.5M, and assets of $681K (revenue +376.3% year-over-year).
- 2019: Revenue of $408K, expenses of $354K, and assets of $126K (revenue +845.8% year-over-year).
- 2018: Revenue of $43K, expenses of $50K, and assets of $69K (revenue -6.9% year-over-year).
- 2017: Revenue of $46K, expenses of $47K, and assets of $73K (revenue +1.1% year-over-year).
- 2016: Revenue of $46K, expenses of $39K, and assets of $66K (revenue +2.7% year-over-year).
- 2015: Revenue of $45K, expenses of $33K, and assets of $66K (revenue +59.3% year-over-year).
- 2014: Revenue of $28K, expenses of $30K, and assets of $54K (revenue +0.9% year-over-year).
- 2013: Revenue of $28K, expenses of $26K, and assets of $56K (revenue -16.4% year-over-year).
- 2012: Revenue of $33K, expenses of $22K, and assets of $53K (revenue +103.5% year-over-year).
- 2011: Revenue of $16K, expenses of $20K, and assets of $41K (revenue +0.0% year-over-year).
- 2011: Revenue of $16K, expenses of $20K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Salem Pantry Inc:
Data Sources and Methodology
This transparency report for The Salem Pantry 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.