Crosscurrents Foundation Inc
Crosscurrents Foundation Inc. operates with no reported officer compensation but faces declining assets and inconsistent revenue.
EIN: 205557338 · Washington, DC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $509K |
| Total Expenses | $270K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $63K |
| Transparency Score | 75/100 |
Is Crosscurrents Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crosscurrents Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Crosscurrents Foundation Inc
Crosscurrents Foundation Inc (EIN: 205557338) is a nonprofit organization based in Washington, DC, classified under NTEE code T20. The organization reported total revenue of $509K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crosscurrents Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crosscurrents Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $261K |
| Total Expenses | $270K |
| Surplus / Deficit | $-8,179 |
| Total Assets | $77K |
| Total Liabilities | $14K |
| Net Assets | $63K |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 18.0% |
| Months of Reserves | 3.4 months |
Financial Health Grade: B
In 2023, Crosscurrents Foundation Inc reported a deficit of $8K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 18.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Crosscurrents Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.6% | -52.8% | -6.8% |
| 2022 | +12.5% | +1.9% | -45.5% |
| 2021 | +3.7% | +1.6% | -29.3% |
| 2020 | -13.1% | -4.2% | -20.5% |
| 2019 | +2964.5% | -1.1% | +27.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Crosscurrents Foundation Inc with a Mission Score of 75 out of 100 (Good). 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, Crosscurrents Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.0%.
Executive Compensation Analysis
Crosscurrents Foundation Inc. consistently reports 0% officer compensation across all available filings, which is highly commendable and indicates a strong commitment to directing funds towards its mission rather than executive salaries, especially for an organization with annual expenses often exceeding $500,000.
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 Crosscurrents Foundation Inc's IRS 990 filings:
- Significant decline in assets from $796,294 in 2012 to $21,794 currently, indicating potential financial instability.
- Expenses frequently exceeding revenue in recent fiscal periods (e.g., 2023, 2021, 2020), leading to a draw-down of reserves.
- Low current asset base ($21,794) relative to annual expenses (e.g., $269,571 in 2023), suggesting limited operating reserves.
Strengths
The following positive indicators were identified for Crosscurrents Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating a strong commitment to minimizing administrative overhead.
- Regular and consistent IRS 990 filing history (10 filings), indicating good transparency practices.
- Relatively stable expense levels over the past decade, suggesting consistent program delivery capacity.
Frequently Asked Questions about Crosscurrents Foundation Inc
Is Crosscurrents Foundation Inc a legitimate charity?
Crosscurrents Foundation Inc (EIN: 205557338) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $509K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Crosscurrents Foundation Inc spend its money?
Crosscurrents Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Crosscurrents Foundation Inc tax-deductible?
Crosscurrents Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205557338). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Crosscurrents Foundation Inc CEO make?
Crosscurrents Foundation Inc's highest-compensated officer earns $500,000. annually. The organization reported $509K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Crosscurrents Foundation Inc's spending goes to programs?
Crosscurrents Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Crosscurrents Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Crosscurrents Foundation Inc 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 Crosscurrents Foundation Inc located?
Crosscurrents Foundation Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 205557338. It is classified under NTEE code T20.
How many years of IRS 990 filings does Crosscurrents Foundation Inc have?
Crosscurrents Foundation Inc 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 $509K in total revenue.
Why have the organization's assets declined significantly from $796,294 in 2012 to $21,794 currently?
The consistent trend of expenses exceeding revenue in recent years (e.g., $269,571 expenses vs. $261,392 revenue in 2023; $571,548 expenses vs. $588,606 revenue in 2022; $561,047 expenses vs. $523,136 revenue in 2021) has likely contributed to the draw-down of reserves and the reduction in total assets.
How does the organization sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or compensated through mechanisms not categorized as 'officer compensation' on the 990, which is unusual for an organization with annual expenses often exceeding $500,000. This indicates a very lean operational structure at the executive level.
What is the long-term financial strategy given the recent trend of expenses exceeding revenue?
With expenses frequently surpassing revenue in recent periods, and a declining asset base, the organization would need to clarify its strategy for achieving financial sustainability, whether through increased fundraising, endowment growth, or expense reduction, to avoid further depletion of reserves.
Filing History
IRS 990 filing history for Crosscurrents Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Crosscurrents Foundation Inc's revenue has grown by 1174%, moving from $21K to $261K. Total assets decreased by 78.7% over the same period, from $364K to $77K. Total functional expenses fell by 46.1%, from $500K to $270K. In its most recent filing year (2023), Crosscurrents Foundation Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $14K in liabilities against $77K in assets (debt-to-asset ratio: 18.0%), resulting in net assets of $63K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $261K | $270K | $77K | $14K | — | — |
| 2022 | $589K | $572K | $83K | $11K | — | View 990 |
| 2021 | $523K | $561K | $152K | $4K | — | View 990 |
| 2020 | $505K | $552K | $216K | $884 | — | — |
| 2019 | $581K | $576K | $271K | $12K | — | View 990 |
| 2015 | $19K | $583K | $213K | $0 | — | View 990 |
| 2014 | $1.0M | $499K | $793K | $3K | — | View 990 |
| 2013 | $34K | $518K | $289K | $2K | — | View 990 |
| 2012 | $1.0M | $574K | $796K | $2K | — | View 990 |
| 2011 | $21K | $500K | $364K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $261K, expenses of $270K, and assets of $77K (revenue -55.6% year-over-year).
- 2022: Revenue of $589K, expenses of $572K, and assets of $83K (revenue +12.5% year-over-year).
- 2021: Revenue of $523K, expenses of $561K, and assets of $152K (revenue +3.7% year-over-year).
- 2020: Revenue of $505K, expenses of $552K, and assets of $216K (revenue -13.1% year-over-year).
- 2019: Revenue of $581K, expenses of $576K, and assets of $271K (revenue +2964.5% year-over-year).
- 2015: Revenue of $19K, expenses of $583K, and assets of $213K (revenue -98.1% year-over-year).
- 2014: Revenue of $1.0M, expenses of $499K, and assets of $793K (revenue +2842.2% year-over-year).
- 2013: Revenue of $34K, expenses of $518K, and assets of $289K (revenue -96.7% year-over-year).
- 2012: Revenue of $1.0M, expenses of $574K, and assets of $796K (revenue +4870.5% year-over-year).
- 2011: Revenue of $21K, expenses of $500K, and assets of $364K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Crosscurrents Foundation Inc:
Data Sources and Methodology
This transparency report for Crosscurrents Foundation 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.