Cresap Family Foundation
Cresap Family Foundation maintains strong assets despite fluctuating revenue and occasional deficit spending.
EIN: 204760218 · Oklahoma City, OK · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $1.8M |
| Program Spending | 95% |
| Net Assets | $14.6M |
| Transparency Score | 90/100 |
Is Cresap Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cresap Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cresap Family Foundation
Cresap Family Foundation (EIN: 204760218) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T20. The organization reported total revenue of $4.7M and total assets of $16.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cresap Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cresap Family Foundation is a mid-size nonprofit that has been operating for 13 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -20.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $780K |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-984,898 |
| Total Assets | $14.6M |
| Total Liabilities | $1 |
| Net Assets | $14.6M |
| Operating Margin | -126.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 99.6 months |
Financial Health Grade: B
In 2023, Cresap Family Foundation reported a deficit of $985K with expenses exceeding revenue, holds 99.6 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 (2012–2023), Cresap Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -20.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.2% | -4.6% | +3.0% |
| 2022 | -59.1% | -2.5% | -19.9% |
| 2021 | +58.1% | +9.1% | +16.9% |
| 2020 | +20.9% | +12.0% | +16.8% |
| 2019 | +136.3% | +7.2% | +29.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Cresap Family Foundation with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, Cresap Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $985K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Cresap Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a foundation of its size.
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 Cresap Family Foundation's IRS 990 filings:
- Significant fluctuation in annual revenue, making year-over-year comparisons challenging without deeper context on funding sources.
Strengths
The following positive indicators were identified for Cresap Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication of funds to mission.
- Strong and growing asset base, providing long-term financial stability.
- Minimal liabilities ($1 across most filings), demonstrating sound financial management.
- High program spending ratio, indicating a strong focus on its charitable mission.
Frequently Asked Questions about Cresap Family Foundation
Is Cresap Family Foundation a legitimate charity?
Cresap Family Foundation (EIN: 204760218) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 90/100. It has 9 years of IRS 990 filings on record. Total revenue: $4.7M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Cresap Family Foundation spend its money?
Cresap Family Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Cresap Family Foundation tax-deductible?
Cresap Family Foundation is registered as a tax-exempt nonprofit (EIN: 204760218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cresap Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Cresap Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cresap Family Foundation located?
Cresap Family Foundation is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 204760218. It is classified under NTEE code T20.
How many years of IRS 990 filings does Cresap Family Foundation have?
Cresap Family Foundation 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 $4.7M in total revenue.
Is Cresap Family Foundation a good charity?
Based on the available IRS 990 data, Cresap Family Foundation appears to be a highly efficient and transparent organization. It consistently reports 0% officer compensation and maintains a strong asset base, suggesting that its funds are primarily directed towards its programmatic mission.
How does Cresap Family Foundation manage its expenses relative to its revenue?
The foundation's expenses have generally been lower than or comparable to its revenue in most years, such as in 202112 where revenue was $4,911,747 and expenses were $1,897,589. However, there are periods, like 202312, where expenses ($1,764,651) exceeded revenue ($779,753), which is typical for foundations distributing grants from their endowment rather than solely from annual income.
What is the trend in Cresap Family Foundation's assets?
The foundation's assets have shown consistent growth over the long term, increasing from $10,238,664 in 2012 to $16,395,324 currently, despite some year-to-year fluctuations. This indicates effective asset management and investment strategies.
Filing History
IRS 990 filing history for Cresap Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Cresap Family Foundation's revenue has declined by 92.2%, moving from $10.0M to $780K. Total assets increased by 43.1% over the same period, from $10.2M to $14.6M. Total functional expenses rose by 1470442.5%, from $120 to $1.8M. In its most recent filing year (2023), Cresap Family Foundation reported a deficit of $985K, with expenses exceeding revenue. The organization holds $1 in liabilities against $14.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $780K | $1.8M | $14.6M | $1 | — | View 990 |
| 2022 | $2.0M | $1.8M | $14.2M | $1 | — | View 990 |
| 2021 | $4.9M | $1.9M | $17.7M | $1 | — | View 990 |
| 2020 | $3.1M | $1.7M | $15.2M | $1 | — | View 990 |
| 2019 | $2.6M | $1.6M | $13.0M | $1 | — | — |
| 2015 | $1.1M | $1.4M | $10.1M | $1 | — | View 990 |
| 2014 | $1.0M | $652K | $11.1M | $1 | — | View 990 |
| 2013 | $308K | $821K | $10.7M | $1 | — | View 990 |
| 2012 | $10.0M | $120 | $10.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $780K, expenses of $1.8M, and assets of $14.6M (revenue -61.2% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.8M, and assets of $14.2M (revenue -59.1% year-over-year).
- 2021: Revenue of $4.9M, expenses of $1.9M, and assets of $17.7M (revenue +58.1% year-over-year).
- 2020: Revenue of $3.1M, expenses of $1.7M, and assets of $15.2M (revenue +20.9% year-over-year).
- 2019: Revenue of $2.6M, expenses of $1.6M, and assets of $13.0M (revenue +136.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.4M, and assets of $10.1M (revenue +5.3% year-over-year).
- 2014: Revenue of $1.0M, expenses of $652K, and assets of $11.1M (revenue +235.0% year-over-year).
- 2013: Revenue of $308K, expenses of $821K, and assets of $10.7M (revenue -96.9% year-over-year).
- 2012: Revenue of $10.0M, expenses of $120, and assets of $10.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cresap Family Foundation:
Data Sources and Methodology
This transparency report for Cresap Family 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.