Craigielea Educational Fund Inc
Craigielea Educational Fund Inc shows strong asset growth and low liabilities, with fluctuating revenues and no reported officer compensation.
EIN: 166048156 · Bridgeport, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $379K |
| Total Expenses | $85K |
| Program Spending | 85% |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Craigielea Educational Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Craigielea Educational Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Craigielea Educational Fund Inc
Craigielea Educational Fund Inc (EIN: 166048156) is a nonprofit organization based in Bridgeport, CT. The organization reported total revenue of $379K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Craigielea Educational Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Craigielea Educational Fund Inc is a small nonprofit that has been operating for 76 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $85K |
| Surplus / Deficit | +$70K |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | 44.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 198.7 months |
Financial Health Grade: A
In 2024, Craigielea Educational Fund Inc reported a surplus of $70K with revenue exceeding expenses, holds 198.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2024), Craigielea Educational Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.9% | -17.5% | +5.2% |
| 2023 | -68.7% | +171.8% | +4.9% |
| 2022 | +1166.9% | +399.1% | +70.4% |
| 2020 | -48.4% | -51.8% | -28.6% |
| 2016 | -62.1% | -90.9% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1950 |
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 Craigielea Educational Fund Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Craigielea Educational Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $70K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation is not reported in this section. This indicates that no funds are being diverted from the mission to pay top executives, which is positive 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 Craigielea Educational Fund Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, making financial planning potentially challenging.
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided data, hindering a precise efficiency assessment.
Strengths
The following positive indicators were identified for Craigielea Educational Fund Inc:
- Consistent and substantial asset growth, increasing from $767,395 in 2012 to $1,527,958 currently.
- Extremely low liabilities across all reported periods (often $0 or $1), indicating strong financial health and minimal debt.
- No reported officer compensation, suggesting a high proportion of funds are available for programmatic use.
- Expenses generally remain low relative to revenue, indicating efficient operations or a focus on building reserves (e.g., $38,121 expenses vs. $533,039 revenue in 2022).
Frequently Asked Questions about Craigielea Educational Fund Inc
Is Craigielea Educational Fund Inc a legitimate charity?
Craigielea Educational Fund Inc (EIN: 166048156) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $379K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Craigielea Educational Fund Inc spend its money?
Craigielea Educational Fund Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Craigielea Educational Fund Inc tax-deductible?
Craigielea Educational Fund Inc is registered as a tax-exempt nonprofit (EIN: 166048156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Craigielea Educational Fund Inc's spending goes to programs?
Craigielea Educational Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Craigielea Educational Fund Inc located?
Craigielea Educational Fund Inc is headquartered in Bridgeport, Connecticut and files with the IRS under EIN 166048156.
How many years of IRS 990 filings does Craigielea Educational Fund Inc have?
Craigielea Educational Fund Inc has 9 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 $379K in total revenue.
What is the specific NTEE Code for Craigielea Educational Fund Inc?
The NTEE Code for Craigielea Educational Fund Inc is currently unknown based on the provided data, which limits understanding of its specific programmatic focus.
What are the primary sources of the organization's fluctuating revenue?
The provided data shows significant revenue fluctuations (e.g., $42,075 in 2020 vs. $533,039 in 2022), but does not detail the specific sources (e.g., grants, donations, investment income) contributing to this variability.
How does the organization manage its programs with no reported officer compensation?
The consistent 0% officer compensation suggests a volunteer-driven model, but without further details, it's unclear how the organization sustains its leadership and operational management for its educational programs.
Filing History
IRS 990 filing history for Craigielea Educational Fund Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2024), Craigielea Educational Fund Inc's revenue has grown by 39.1%, moving from $112K to $155K. Total assets increased by 84.5% over the same period, from $767K to $1.4M. Total functional expenses fell by 4.3%, from $89K to $85K. In its most recent filing year (2024), Craigielea Educational Fund Inc reported a surplus of $70K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $155K | $85K | $1.4M | $1 | — | — |
| 2023 | $167K | $104K | $1.3M | $1 | — | View 990 |
| 2022 | $533K | $38K | $1.3M | $1 | — | View 990 |
| 2020 | $42K | $8K | $753K | $0 | — | View 990 |
| 2016 | $81K | $16K | $1.1M | $0 | — | View 990 |
| 2015 | $215K | $174K | $990K | $0 | — | View 990 |
| 2014 | $274K | $244K | $949K | $0 | — | View 990 |
| 2013 | $231K | $79K | $919K | $0 | — | View 990 |
| 2012 | $112K | $89K | $767K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $155K, expenses of $85K, and assets of $1.4M (revenue -6.9% year-over-year).
- 2023: Revenue of $167K, expenses of $104K, and assets of $1.3M (revenue -68.7% year-over-year).
- 2022: Revenue of $533K, expenses of $38K, and assets of $1.3M (revenue +1166.9% year-over-year).
- 2020: Revenue of $42K, expenses of $8K, and assets of $753K (revenue -48.4% year-over-year).
- 2016: Revenue of $81K, expenses of $16K, and assets of $1.1M (revenue -62.1% year-over-year).
- 2015: Revenue of $215K, expenses of $174K, and assets of $990K (revenue -21.4% year-over-year).
- 2014: Revenue of $274K, expenses of $244K, and assets of $949K (revenue +18.8% year-over-year).
- 2013: Revenue of $231K, expenses of $79K, and assets of $919K (revenue +106.7% year-over-year).
- 2012: Revenue of $112K, expenses of $89K, and assets of $767K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Craigielea Educational Fund Inc:
Data Sources and Methodology
This transparency report for Craigielea Educational Fund 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.