Charles And Mary Crossed Foundation
Charles And Mary Crossed Foundation maintains substantial assets and reports no officer compensation despite volatile revenue.
EIN: 161440339 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| Net Assets | $15.6M |
| Transparency Score | 85/100 |
Is Charles And Mary Crossed Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles And Mary Crossed Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles And Mary Crossed Foundation
Charles And Mary Crossed Foundation (EIN: 161440339) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $4.5M and total assets of $18.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles And Mary Crossed Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles And Mary Crossed Foundation is a mid-size nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $15.6M |
| Total Liabilities | $1 |
| Net Assets | $15.6M |
| Operating Margin | 49.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 102.3 months |
Financial Health Grade: A
In 2023, Charles And Mary Crossed Foundation reported a surplus of $1.8M with revenue exceeding expenses, holds 102.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Charles And Mary Crossed Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -144.2% | -23.7% | -23.9% |
| 2021 | -14.8% | +31.4% | +42.5% |
| 2020 | +264.7% | +21.2% | +21.0% |
| 2019 | -4.4% | +89.0% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Charles And Mary Crossed Foundation with a Mission Score of 85 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, Charles And Mary Crossed Foundation 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 $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Charles And Mary Crossed Foundation's IRS 990 filings:
- Significant revenue volatility, including a negative revenue year in 2022 ($-1,753,425), which could indicate unstable funding sources or substantial investment losses.
- NTEE Code is unknown, which limits understanding of the organization's specific charitable focus and makes peer comparison difficult.
Strengths
The following positive indicators were identified for Charles And Mary Crossed Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in leadership costs.
- Substantial and growing asset base, reaching $18,459,100, providing financial stability.
- Extremely low liabilities, often reported as $1, demonstrating strong financial management and minimal debt.
- Expenses generally well below revenue in positive revenue years, allowing for asset growth and mission reinvestment (e.g., 2023: Revenue $3,632,347 vs. Expenses $1,826,893).
Frequently Asked Questions about Charles And Mary Crossed Foundation
Is Charles And Mary Crossed Foundation a legitimate charity?
Charles And Mary Crossed Foundation (EIN: 161440339) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Charles And Mary Crossed Foundation spend its money?
Charles And Mary Crossed Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Charles And Mary Crossed Foundation tax-deductible?
Charles And Mary Crossed Foundation is registered as a tax-exempt nonprofit (EIN: 161440339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Charles And Mary Crossed Foundation's spending goes to programs?
Charles And Mary Crossed Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Charles And Mary Crossed Foundation located?
Charles And Mary Crossed Foundation is headquartered in Rochester, New York and files with the IRS under EIN 161440339.
How many years of IRS 990 filings does Charles And Mary Crossed Foundation have?
Charles And Mary Crossed Foundation has 10 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.
What caused the negative revenue of $-1,753,425 in 2022?
The provided data does not specify the reason for the negative revenue in 2022. This could be due to investment losses, significant asset write-downs, or a return of grants, and would require reviewing the full IRS Form 990 for that period for clarification.
How does the foundation manage its investment portfolio given the revenue volatility?
The significant fluctuations in revenue, including negative revenue years, suggest that the foundation's revenue might be heavily influenced by investment performance. A detailed look at its investment strategies and returns would be necessary to understand its approach to managing this volatility.
What are the specific program activities funded by the foundation?
The provided data does not detail the specific program activities or beneficiaries of the Charles And Mary Crossed Foundation. This information would typically be found in the organization's mission statement and program service accomplishments section of its IRS Form 990.
Filing History
IRS 990 filing history for Charles And Mary Crossed Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Charles And Mary Crossed Foundation's revenue has grown by 154.3%, moving from $1.4M to $3.6M. Total assets increased by 130.5% over the same period, from $6.8M to $15.6M. Total functional expenses rose by 942.3%, from $175K to $1.8M. In its most recent filing year (2023), Charles And Mary Crossed Foundation reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $15.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $1.8M | $15.6M | $1 | — | — |
| 2022 | $-1,753,425 | $2.4M | $13.8M | $1 | — | View 990 |
| 2021 | $4.0M | $3.2M | $18.1M | $1 | — | View 990 |
| 2020 | $4.6M | $2.4M | $12.7M | $1 | — | — |
| 2019 | $1.3M | $2.0M | $10.5M | $1 | — | View 990 |
| 2015 | $1.3M | $1.1M | $11.1M | $68K | — | View 990 |
| 2014 | $2.1M | $1.3M | $10.8M | $53K | — | View 990 |
| 2013 | $689K | $1.4M | $10.1M | $135K | — | View 990 |
| 2012 | $4.5M | $479K | $10.7M | $0 | — | View 990 |
| 2011 | $1.4M | $175K | $6.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $1.8M, and assets of $15.6M.
- 2022: Revenue of $-1,753,425, expenses of $2.4M, and assets of $13.8M (revenue -144.2% year-over-year).
- 2021: Revenue of $4.0M, expenses of $3.2M, and assets of $18.1M (revenue -14.8% year-over-year).
- 2020: Revenue of $4.6M, expenses of $2.4M, and assets of $12.7M (revenue +264.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $2.0M, and assets of $10.5M (revenue -4.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.1M, and assets of $11.1M (revenue -35.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.3M, and assets of $10.8M (revenue +199.0% year-over-year).
- 2013: Revenue of $689K, expenses of $1.4M, and assets of $10.1M (revenue -84.6% year-over-year).
- 2012: Revenue of $4.5M, expenses of $479K, and assets of $10.7M (revenue +212.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $175K, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles And Mary Crossed Foundation:
Data Sources and Methodology
This transparency report for Charles And Mary Crossed Foundation 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.