Philanthropy & Grantmaking (T20Z) IRS Verified DX Registered 990 on File

SALIN FOUNDATION INC

EIN: 35-2047694 · INDIANAPOLIS, IN 46204-3698 · United States · FY 2024 Data

3 out of 5 55 / 100 Based on 2+ years of filings

Financial strength (30%) 85/100

Reliability (20%) 55/100

Effectiveness (25%) 73/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

Our belief has always been that the future relies on the success of the next generation. By providing financial assistance to these very deserving Indiana students, we are doing a small part in helping this new generation achieve a brighter future.

Financial Overview — FY 2024

$154K

Total Revenue

$99K

Total Expenses

$911K

Net Assets

N/A

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 89.7%

Fundraising Efficiency N/A

Operating Reserve 110.59x

Liability-to-Asset 0.0%

Revenue Diversification 69.5%

Compared with Peers

FY 2024

Compared with 21,182 similar organizations (United States, Philanthropy & Grantmaking, under $100K in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	89.7%	86.8%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	110.6 mo	122.3 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	0.0%	0.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	69.5%	94.5%	P10P90	Top quarter
Revenue growth Year over year revenue growth	10.1%	9.1%	P10P90
Expense growth Year over year expense growth	397.8%	0.1%	P10P90
Surplus margin Surplus as a share of revenue	35.7%	7.1%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$154K	$99K	$911K	89.7%	—
2023	$140K	$20K	$852K	51.6%	—
2022	$222K	$1.8M	$740K	98.4%	—

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Organization Details

EIN: 35-2047694
State: IN
City: INDIANAPOLIS
ZIP: 46204-3698
Classification: T20Z
Category: Philanthropy & Grantmaking
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1998
Foundation Code: 4
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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