Cr Works Inc
Cr Works Inc. faces persistent operating deficits and declining assets, raising sustainability concerns.
EIN: 20568838 · Gary, IN · NTEE: J20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $224K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 55/100 |
Is Cr Works Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cr Works Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cr Works Inc
Cr Works Inc (EIN: 20568838) is a nonprofit organization based in Gary, IN, classified under NTEE code J20. The organization reported total revenue of $110K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cr Works Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cr Works Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $224K |
| Surplus / Deficit | $-102,159 |
| Total Assets | $1.3M |
| Total Liabilities | $125K |
| Net Assets | $1.1M |
| Operating Margin | -83.6% |
| Debt-to-Asset Ratio | 9.9% |
| Months of Reserves | 67.3 months |
Financial Health Grade: B
In 2023, Cr Works Inc reported a deficit of $102K with expenses exceeding revenue, holds 67.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cr Works Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | +16.2% | -8.5% |
| 2022 | -30.0% | -14.3% | -7.5% |
| 2021 | +63.5% | +18.4% | -2.9% |
| 2020 | +12.8% | +17.3% | -4.7% |
| 2019 | -18.8% | +1.8% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Cr Works Inc with a Mission Score of 55 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, Cr Works Inc 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 $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly commendable for an organization of its size with assets over $1 million.
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 Cr Works Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $224,330 expenses vs. $122,171 revenue in 2023.
- Steady decline in total assets from $2,008,462 in 2015 to $1,257,486 in 2023, indicating unsustainable spending.
- Revenue has generally decreased over the past decade, from $389,295 in 2014 to $122,171 in 2023, while expenses have not decreased proportionally.
Strengths
The following positive indicators were identified for Cr Works Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the leadership level.
- Maintains significant assets ($1,257,486 in 2023) despite operating deficits, providing some financial cushion.
Frequently Asked Questions about Cr Works Inc
Is Cr Works Inc a legitimate charity?
Cr Works Inc (EIN: 20568838) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $110K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Cr Works Inc spend its money?
Cr Works Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Cr Works Inc tax-deductible?
Cr Works Inc is registered as a tax-exempt nonprofit (EIN: 20568838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cr Works Inc CEO make?
Cr Works Inc's highest-compensated officer earns $1 annually. The organization reported $110K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cr Works Inc's spending goes to programs?
Cr Works Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Cr Works Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Cr Works Inc is near average for NTEE category J20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cr Works Inc located?
Cr Works Inc is headquartered in Gary, Indiana and files with the IRS under EIN 20568838. It is classified under NTEE code J20.
How many years of IRS 990 filings does Cr Works Inc have?
Cr Works Inc 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 $110K in total revenue.
Is Cr Works Inc. financially sustainable given its consistent operating deficits?
The organization has consistently spent more than it earned in recent years, leading to a decline in assets from $2,008,462 in 2015 to $1,257,486 in 2023. This trend suggests a challenge to long-term financial sustainability if not addressed.
What is the primary cause of the decline in assets?
The decline in assets appears to be directly linked to the organization's recurring operating deficits, where annual expenses have exceeded revenues, forcing the organization to draw down its reserves.
How does the organization cover its operating deficits?
Based on the declining asset trend, the organization appears to be covering its operating deficits by utilizing its accumulated assets and reserves.
Filing History
IRS 990 filing history for Cr Works Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cr Works Inc's revenue has declined by 66.9%, moving from $369K to $122K. Total assets increased by 52.5% over the same period, from $825K to $1.3M. Total functional expenses fell by 43%, from $394K to $224K. In its most recent filing year (2023), Cr Works Inc reported a deficit of $102K, with expenses exceeding revenue. The organization holds $125K in liabilities against $1.3M in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $224K | $1.3M | $125K | — | — |
| 2022 | $107K | $193K | $1.4M | $120K | — | View 990 |
| 2021 | $153K | $225K | $1.5M | $128K | — | View 990 |
| 2020 | $93K | $190K | $1.5M | $64K | — | — |
| 2019 | $83K | $162K | $1.6M | $57K | — | View 990 |
| 2018 | $102K | $159K | $1.7M | $51K | — | View 990 |
| 2017 | $137K | $211K | $1.9M | $61K | — | View 990 |
| 2016 | $233K | $302K | $1.9M | $71K | — | View 990 |
| 2015 | $372K | $338K | $2.0M | $77K | — | View 990 |
| 2014 | $389K | $471K | $2.0M | $79K | — | View 990 |
| 2013 | $1.3M | $1.3M | $870K | $99K | — | View 990 |
| 2012 | $316K | $299K | $827K | $8K | — | View 990 |
| 2011 | $369K | $394K | $825K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $224K, and assets of $1.3M (revenue +14.5% year-over-year).
- 2022: Revenue of $107K, expenses of $193K, and assets of $1.4M (revenue -30.0% year-over-year).
- 2021: Revenue of $153K, expenses of $225K, and assets of $1.5M (revenue +63.5% year-over-year).
- 2020: Revenue of $93K, expenses of $190K, and assets of $1.5M (revenue +12.8% year-over-year).
- 2019: Revenue of $83K, expenses of $162K, and assets of $1.6M (revenue -18.8% year-over-year).
- 2018: Revenue of $102K, expenses of $159K, and assets of $1.7M (revenue -25.9% year-over-year).
- 2017: Revenue of $137K, expenses of $211K, and assets of $1.9M (revenue -41.0% year-over-year).
- 2016: Revenue of $233K, expenses of $302K, and assets of $1.9M (revenue -37.3% year-over-year).
- 2015: Revenue of $372K, expenses of $338K, and assets of $2.0M (revenue -4.5% year-over-year).
- 2014: Revenue of $389K, expenses of $471K, and assets of $2.0M (revenue -69.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $870K (revenue +301.0% year-over-year).
- 2012: Revenue of $316K, expenses of $299K, and assets of $827K (revenue -14.5% year-over-year).
- 2011: Revenue of $369K, expenses of $394K, and assets of $825K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cr Works Inc:
Data Sources and Methodology
This transparency report for Cr Works 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.