Crosby Fund For Haitian Education Inc
Crosby Fund For Haitian Education Inc shows consistent growth and strong financial stability with zero officer compensation.
EIN: 201283220 · Old Lyme, CT · NTEE: Q33 · Updated: 2026-03-28
Is Crosby Fund For Haitian Education Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crosby Fund For Haitian Education Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Crosby Fund For Haitian Education Inc
Crosby Fund For Haitian Education Inc (EIN: 201283220) is a nonprofit organization based in Old Lyme, CT, classified under NTEE code Q33. The organization reported total revenue of $938K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crosby Fund For Haitian Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Crosby Fund For Haitian Education Inc with a Mission Score of 95 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, Crosby Fund For Haitian Education Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer roles, allowing a very high percentage of funds to be directed towards 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.
Strengths
The following positive indicators were identified for Crosby Fund For Haitian Education Inc:
- Consistent revenue and asset growth over a decade, indicating financial stability and expanding capacity.
- Zero liabilities reported across all filings, demonstrating excellent financial management and low risk.
- 0% officer compensation reported consistently, suggesting a highly efficient and mission-focused use of funds.
- Strong program focus implied by the absence of officer compensation, allowing more resources for direct services.
- Robust filing history with 13 IRS 990 filings, indicating good transparency and compliance.
Frequently Asked Questions about Crosby Fund For Haitian Education Inc
Is Crosby Fund For Haitian Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Crosby Fund For Haitian Education Inc (EIN: 201283220) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Crosby Fund For Haitian Education Inc spend its money?
Crosby Fund For Haitian Education Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Crosby Fund For Haitian Education Inc tax-deductible?
Crosby Fund For Haitian Education Inc is registered as a tax-exempt nonprofit (EIN: 201283220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Crosby Fund For Haitian Education Inc a good charity?
Based on the provided financial data, Crosby Fund For Haitian Education Inc appears to be a very good charity. It demonstrates strong financial health with growing assets and consistent revenue, zero liabilities, and a remarkable 0% officer compensation, suggesting high efficiency in directing funds to its mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth over the past decade. Revenue increased from $410,170 in 2014 to $937,890 currently, and assets grew from $263,684 to over $1 million. This indicates a strong and improving financial trajectory.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all 13 filings, indicating a highly efficient model where executive leadership is likely volunteer-based, maximizing resources for program delivery.
Filing History
IRS 990 filing history for Crosby Fund For Haitian Education Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Crosby Fund For Haitian Education Inc's revenue has grown by 211.9%, moving from $235K to $733K. Total assets increased by 861.1% over the same period, from $107K to $1.0M. Total functional expenses rose by 387.5%, from $167K to $815K. In its most recent filing year (2023), Crosby Fund For Haitian Education Inc reported a deficit of $82K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $733K | $815K | $1.0M | $0 | — | View 990 |
| 2022 | $882K | $775K | $1.1M | $0 | — | View 990 |
| 2021 | $810K | $767K | $1.1M | $0 | — | View 990 |
| 2020 | $604K | $624K | $1.0M | $0 | — | View 990 |
| 2019 | $601K | $544K | $944K | $0 | — | View 990 |
| 2018 | $583K | $511K | $888K | $0 | — | View 990 |
| 2017 | $621K | $343K | $822K | $0 | — | View 990 |
| 2016 | $430K | $264K | $537K | $0 | — | View 990 |
| 2015 | $379K | $265K | $376K | $0 | — | View 990 |
| 2014 | $410K | $226K | $264K | $0 | — | View 990 |
| 2013 | $197K | $201K | $80K | $0 | — | View 990 |
| 2012 | $153K | $176K | $83K | $0 | — | View 990 |
| 2011 | $235K | $167K | $107K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $733K, expenses of $815K, and assets of $1.0M (revenue -16.9% year-over-year).
- 2022: Revenue of $882K, expenses of $775K, and assets of $1.1M (revenue +9.0% year-over-year).
- 2021: Revenue of $810K, expenses of $767K, and assets of $1.1M (revenue +34.1% year-over-year).
- 2020: Revenue of $604K, expenses of $624K, and assets of $1.0M (revenue +0.4% year-over-year).
- 2019: Revenue of $601K, expenses of $544K, and assets of $944K (revenue +3.1% year-over-year).
- 2018: Revenue of $583K, expenses of $511K, and assets of $888K (revenue -6.0% year-over-year).
- 2017: Revenue of $621K, expenses of $343K, and assets of $822K (revenue +44.2% year-over-year).
- 2016: Revenue of $430K, expenses of $264K, and assets of $537K (revenue +13.4% year-over-year).
- 2015: Revenue of $379K, expenses of $265K, and assets of $376K (revenue -7.5% year-over-year).
- 2014: Revenue of $410K, expenses of $226K, and assets of $264K (revenue +108.2% year-over-year).
- 2013: Revenue of $197K, expenses of $201K, and assets of $80K (revenue +29.1% year-over-year).
- 2012: Revenue of $153K, expenses of $176K, and assets of $83K (revenue -35.1% year-over-year).
- 2011: Revenue of $235K, expenses of $167K, and assets of $107K.
Data Sources and Methodology
This transparency report for Crosby Fund For Haitian Education 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.