Is Friends Of Crown Heights Educational Centers Inc Legit?
Quick charity verification for Friends Of Crown Heights Educational Centers Inc (EIN: 112305641)
Verdict: Friends Of Crown Heights Educational Centers Inc appears trustworthy
92/100Mission Score
$62.3MRevenue
$47.0MAssets
1Red Flags
5Strengths
Red Flags
Significant increase in liabilities relative to assets in recent years (e.g., 2023: Assets $47.8M, Liabilities $36.2M, a high liability-to-asset ratio compared to earlier years).
Strengths
Consistent and substantial revenue growth over the past decade, from $23.5M in 2014 to $62.2M currently.
Strong asset accumulation, growing from $6.9M in 2014 to $47M currently.
No reported officer compensation across all filings, indicating a high dedication of funds to mission.
High program spending efficiency, with expenses closely tracking revenue.
Spending Breakdown
How Friends Of Crown Heights Educational Centers Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
4%
Admin Costs
Reasonable — admin costs in check
1%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Friends Of Crown Heights Educational Centers Inc
Is Friends Of Crown Heights Educational Centers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Crown Heights Educational Centers Inc (EIN: 112305641) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Friends Of Crown Heights Educational Centers Inc a good charity to donate to?
Friends Of Crown Heights Educational Centers Inc has a Mission Score of 92/100. Revenue: $62.3M. Assets: $47.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Crown Heights Educational Centers Inc?
The Employer Identification Number (EIN) for Friends Of Crown Heights Educational Centers Inc is 112305641. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Friends Of Crown Heights Educational Centers Inc spend its money?
Friends Of Crown Heights Educational Centers Inc allocates 95% to programs, 4% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Crown Heights Educational Centers Inc's tax-exempt status?
You can verify Friends Of Crown Heights Educational Centers Inc's tax-exempt status using EIN 112305641 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Friends Of Crown Heights Educational Centers Inc demonstrates strong financial health with consistent revenue growth, increasing from $23.5 million in 2014 to over $62 million in the latest period. The organization consistently operates with a surplus, as seen in the 2023 period where revenue was $58,261,134 against expenses of $57,335,515, indicating sound financial management. Their asset base has also grown significantly, from $6.9 million in 2014 to $47 million currently, suggesting effective asset accumulation and stability.
The organization appears to be highly efficient in its spending, with a substantial portion of its expenses directed towards program services. While specific program spending percentages are not detailed in the provided data, the consistent, narrow margin between revenue and expenses across multiple years suggests that most funds are deployed for their mission. The absence of reported officer compensation across all filings indicates a high degree of transparency and a commitment to directing resources towards the organization's mission rather than executive salaries.
Overall, Friends Of Crown Heights Educational Centers Inc exhibits robust financial performance, efficient resource utilization, and a commendable level of transparency regarding executive compensation. The rapid growth in assets and revenue over the past decade points to a well-managed and expanding operation.