Crosswicks Foundation Ltd
Crosswicks Foundation maintains stable assets despite fluctuating revenue and recent operating deficits.
EIN: 132732197 · Goshen, CT · Updated: 2026-03-28
Is Crosswicks Foundation Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crosswicks Foundation Ltd directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Crosswicks Foundation Ltd
Crosswicks Foundation Ltd (EIN: 132732197) is a nonprofit organization based in Goshen, CT. The organization reported total revenue of $433K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crosswicks Foundation Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crosswicks Foundation Ltd is a small nonprofit that has been operating for 53 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $188K |
| Surplus / Deficit | $-119,661 |
| Total Assets | $2.7M |
| Total Liabilities | $142K |
| Net Assets | $2.6M |
| Operating Margin | -175.1% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 172.2 months |
Financial Health Grade: B
In 2023, Crosswicks Foundation Ltd reported a deficit of $120K with expenses exceeding revenue, holds 172.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Crosswicks Foundation Ltd's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -77.5% | -5.4% | -4.7% |
| 2022 | -4.8% | +0.7% | +4.3% |
| 2021 | +63.3% | -0.9% | +4.3% |
| 2020 | -26.9% | -8.7% | -0.2% |
| 2019 | -13.7% | -2.1% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Crosswicks Foundation Ltd 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Crosswicks Foundation Ltd allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 $120K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly favorable for a nonprofit of its size with assets exceeding $2.6 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 Crosswicks Foundation Ltd's IRS 990 filings:
- Significant operating deficit in the latest fiscal period (202311), with expenses ($187,998) far exceeding revenue ($68,337).
- Lack of detailed program spending breakdown in public filings makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Crosswicks Foundation Ltd:
- Consistent reporting of 0% officer compensation across all available filings, indicating efficient use of funds at the executive level.
- Stable and substantial asset base, consistently above $2.4 million, providing financial resilience.
- Long history of IRS 990 filings (10 filings), indicating transparency and compliance.
Frequently Asked Questions about Crosswicks Foundation Ltd
Is Crosswicks Foundation Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Crosswicks Foundation Ltd (EIN: 132732197) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Crosswicks Foundation Ltd spend its money?
Crosswicks Foundation Ltd directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Crosswicks Foundation Ltd tax-deductible?
Crosswicks Foundation Ltd is registered as a tax-exempt nonprofit (EIN: 132732197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Crosswicks Foundation Ltd a good charity?
Based on the available data, Crosswicks Foundation Ltd appears to be a well-managed charity in terms of executive compensation (0%) and asset stability. Its consistent asset base and lack of officer compensation are strong positive indicators. However, without detailed program spending information, a full assessment of its direct impact is limited.
How does Crosswicks Foundation Ltd fund its operations?
The foundation funds its operations through a combination of revenue, which has varied significantly from $68,337 to $319,610 in recent years, and potentially draws from its substantial asset base, which consistently hovers around $2.6 million to $2.8 million. The latest filing shows expenses ($187,998) significantly exceeding revenue ($68,337), suggesting reliance on its endowment or prior surpluses.
What is the trend in Crosswicks Foundation Ltd's financial health?
The organization's financial health shows a stable asset base over the past decade, indicating good long-term stewardship. While revenue has fluctuated, expenses have been relatively consistent. The most recent filing (202311) shows a notable operating deficit, with expenses nearly triple revenue, which warrants monitoring, though it may be covered by its substantial assets.
Filing History
IRS 990 filing history for Crosswicks Foundation Ltd showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Crosswicks Foundation Ltd's revenue has declined by 39.4%, moving from $113K to $68K. Total assets increased by 7.6% over the same period, from $2.5M to $2.7M. Total functional expenses fell by 10.9%, from $211K to $188K. In its most recent filing year (2023), Crosswicks Foundation Ltd reported a deficit of $120K, with expenses exceeding revenue. The organization holds $142K in liabilities against $2.7M in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $188K | $2.7M | $142K | — | View 990 |
| 2022 | $304K | $199K | $2.8M | $155K | — | View 990 |
| 2021 | $320K | $197K | $2.7M | $145K | — | View 990 |
| 2020 | $196K | $199K | $2.6M | $155K | — | — |
| 2019 | $268K | $218K | $2.6M | $157K | — | View 990 |
| 2015 | $310K | $223K | $2.5M | $171K | — | View 990 |
| 2014 | $236K | $222K | $2.4M | $167K | — | View 990 |
| 2013 | $181K | $222K | $2.4M | $173K | — | View 990 |
| 2012 | $136K | $217K | $2.4M | $162K | — | View 990 |
| 2011 | $113K | $211K | $2.5M | $158K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $188K, and assets of $2.7M (revenue -77.5% year-over-year).
- 2022: Revenue of $304K, expenses of $199K, and assets of $2.8M (revenue -4.8% year-over-year).
- 2021: Revenue of $320K, expenses of $197K, and assets of $2.7M (revenue +63.3% year-over-year).
- 2020: Revenue of $196K, expenses of $199K, and assets of $2.6M (revenue -26.9% year-over-year).
- 2019: Revenue of $268K, expenses of $218K, and assets of $2.6M (revenue -13.7% year-over-year).
- 2015: Revenue of $310K, expenses of $223K, and assets of $2.5M (revenue +31.4% year-over-year).
- 2014: Revenue of $236K, expenses of $222K, and assets of $2.4M (revenue +30.3% year-over-year).
- 2013: Revenue of $181K, expenses of $222K, and assets of $2.4M (revenue +32.9% year-over-year).
- 2012: Revenue of $136K, expenses of $217K, and assets of $2.4M (revenue +20.8% year-over-year).
- 2011: Revenue of $113K, expenses of $211K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Crosswicks Foundation Ltd:
Data Sources and Methodology
This transparency report for Crosswicks Foundation Ltd 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.