1850 N Croskey Developmentcorporation
1850 N Croskey Developmentcorporation consistently operates at a deficit, with expenses exceeding revenue for over a decade.
EIN: 205575302 · Philadelphia, PA · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $586K |
| Total Expenses | $388K |
| Program Spending | 70% |
| Net Assets | $-688,264 |
| Transparency Score | 45/100 |
Is 1850 N Croskey Developmentcorporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
1850 N Croskey Developmentcorporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About 1850 N Croskey Developmentcorporation
1850 N Croskey Developmentcorporation (EIN: 205575302) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code L21. The organization reported total revenue of $586K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1850 N Croskey Developmentcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1850 N Croskey Developmentcorporation is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $388K |
| Surplus / Deficit | $-107,506 |
| Total Assets | $1.7M |
| Total Liabilities | $2.4M |
| Net Assets | $-688,264 |
| Operating Margin | -38.3% |
| Debt-to-Asset Ratio | 139.5% |
| Months of Reserves | 53.9 months |
Financial Health Grade: C
In 2023, 1850 N Croskey Developmentcorporation reported a deficit of $108K with expenses exceeding revenue, holds 53.9 months of operating reserves (strong position), has a debt-to-asset ratio of 139.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 1850 N Croskey Developmentcorporation's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.6% | -3.2% | -5.3% |
| 2022 | -29.8% | +11.5% | -7.0% |
| 2021 | +29.1% | +18.9% | -1.2% |
| 2020 | +4.0% | -4.0% | -2.4% |
| 2019 | +52.8% | +6.1% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 1850 N Croskey Developmentcorporation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, 1850 N Croskey Developmentcorporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 deficit of $108K, with expenses exceeding revenue.
- Debt-to-asset ratio: 139.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership may be entirely volunteer-based or compensated below IRS reporting thresholds, which is a positive indicator for resource allocation.
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 1850 N Croskey Developmentcorporation's IRS 990 filings:
- Persistent operating deficits (expenses consistently exceed revenue)
- Declining asset base over the past decade (from $2.5M in 2014 to $1.7M in 2023)
- Liabilities consistently exceed assets, indicating potential insolvency risk
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
- Long-term financial instability indicated by consistent negative net income
Strengths
The following positive indicators were identified for 1850 N Croskey Developmentcorporation:
- Consistent IRS 990 filing history, demonstrating regulatory compliance
- No reported officer compensation, suggesting efficient use of funds at the executive level or volunteer leadership
- Long operational history (13 filings available)
Frequently Asked Questions about 1850 N Croskey Developmentcorporation
Is 1850 N Croskey Developmentcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, 1850 N Croskey Developmentcorporation (EIN: 205575302) significant concerns. Mission Score: 45/100. 5 red flags identified, 3 strengths noted.
How does 1850 N Croskey Developmentcorporation spend its money?
1850 N Croskey Developmentcorporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to 1850 N Croskey Developmentcorporation tax-deductible?
1850 N Croskey Developmentcorporation is registered as a tax-exempt nonprofit (EIN: 205575302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 1850 N Croskey Developmentcorporation's spending goes to programs?
1850 N Croskey Developmentcorporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does 1850 N Croskey Developmentcorporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), 1850 N Croskey Developmentcorporation is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 1850 N Croskey Developmentcorporation located?
1850 N Croskey Developmentcorporation is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 205575302. It is classified under NTEE code L21.
How many years of IRS 990 filings does 1850 N Croskey Developmentcorporation have?
1850 N Croskey Developmentcorporation has 13 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 $586K in total revenue.
Is 1850 N Croskey Developmentcorporation financially sustainable?
Based on the provided data, the organization is not financially sustainable, as it has consistently reported expenses exceeding revenue for at least the past 10 years, leading to a decline in assets and high liabilities.
What is the primary cause of the organization's declining assets?
The primary cause of the declining assets is the persistent operating deficit, where annual expenses consistently outweigh annual revenues, forcing the organization to draw down its asset base to cover costs.
Does the organization pay its officers?
According to the IRS 990 filings, officer compensation is reported as 0% for all periods, suggesting that officers are either unpaid volunteers or their compensation falls below the reporting threshold.
How has the organization's revenue trended over the past decade?
Revenue has fluctuated but generally remained insufficient to cover expenses, with the latest reported revenue of $280,632 in 2023 being lower than some previous years, such as $334,029 in 2021.
What is the organization's liability situation?
The organization consistently carries high liabilities, often exceeding its total assets, indicating a significant debt burden. For example, in 2023, liabilities were $2,431,640 against assets of $1,743,376.
Filing History
IRS 990 filing history for 1850 N Croskey Developmentcorporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 1850 N Croskey Developmentcorporation's revenue has grown by 74.2%, moving from $161K to $281K. Total assets decreased by 40.2% over the same period, from $2.9M to $1.7M. Total functional expenses rose by 46%, from $266K to $388K. In its most recent filing year (2023), 1850 N Croskey Developmentcorporation reported a deficit of $108K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $1.7M in assets (debt-to-asset ratio: 139.5%), resulting in net assets of $-688,264.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $388K | $1.7M | $2.4M | — | — |
| 2022 | $235K | $401K | $1.8M | $2.4M | — | — |
| 2021 | $334K | $360K | $2.0M | $2.4M | — | View 990 |
| 2020 | $259K | $302K | $2.0M | $2.4M | — | — |
| 2019 | $249K | $315K | $2.1M | $2.4M | — | View 990 |
| 2018 | $163K | $297K | $2.1M | $2.4M | — | View 990 |
| 2017 | $179K | $280K | $2.3M | $2.4M | — | View 990 |
| 2016 | $149K | $264K | $2.4M | $2.4M | — | View 990 |
| 2015 | $210K | $249K | $2.5M | $2.4M | — | View 990 |
| 2014 | $163K | $292K | $2.6M | $2.5M | — | View 990 |
| 2013 | $171K | $312K | $2.7M | $2.4M | — | View 990 |
| 2012 | $129K | $271K | $2.8M | $2.4M | — | View 990 |
| 2011 | $161K | $266K | $2.9M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $388K, and assets of $1.7M (revenue +19.6% year-over-year).
- 2022: Revenue of $235K, expenses of $401K, and assets of $1.8M (revenue -29.8% year-over-year).
- 2021: Revenue of $334K, expenses of $360K, and assets of $2.0M (revenue +29.1% year-over-year).
- 2020: Revenue of $259K, expenses of $302K, and assets of $2.0M (revenue +4.0% year-over-year).
- 2019: Revenue of $249K, expenses of $315K, and assets of $2.1M (revenue +52.8% year-over-year).
- 2018: Revenue of $163K, expenses of $297K, and assets of $2.1M (revenue -9.2% year-over-year).
- 2017: Revenue of $179K, expenses of $280K, and assets of $2.3M (revenue +20.5% year-over-year).
- 2016: Revenue of $149K, expenses of $264K, and assets of $2.4M (revenue -29.0% year-over-year).
- 2015: Revenue of $210K, expenses of $249K, and assets of $2.5M (revenue +29.0% year-over-year).
- 2014: Revenue of $163K, expenses of $292K, and assets of $2.6M (revenue -5.0% year-over-year).
- 2013: Revenue of $171K, expenses of $312K, and assets of $2.7M (revenue +33.0% year-over-year).
- 2012: Revenue of $129K, expenses of $271K, and assets of $2.8M (revenue -20.1% year-over-year).
- 2011: Revenue of $161K, expenses of $266K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1850 N Croskey Developmentcorporation:
Data Sources and Methodology
This transparency report for 1850 N Croskey Developmentcorporation 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.