Friends Of Crown Heights Educational Centers Inc
Friends Of Crown Heights Educational Centers Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 112305641 · Brooklyn, NY · NTEE: P330 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62.3M |
| Total Expenses | $57.3M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $62 |
| Net Assets | $11.6M |
| Transparency Score | 92/100 |
Is Friends Of Crown Heights Educational Centers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Crown Heights Educational Centers Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Crown Heights Educational Centers Inc
Friends Of Crown Heights Educational Centers Inc (EIN: 112305641) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P330. The organization reported total revenue of $62.3M and total assets of $47.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Crown Heights Educational Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Crown Heights Educational Centers Inc is a major nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58.3M |
| Total Expenses | $57.3M |
| Surplus / Deficit | +$926K |
| Total Assets | $47.8M |
| Total Liabilities | $36.2M |
| Net Assets | $11.6M |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 75.6% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2023, Friends Of Crown Heights Educational Centers Inc reported a surplus of $926K with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 75.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Crown Heights Educational Centers Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.2% | +19.9% | +157.8% |
| 2022 | +22.8% | +22.3% | +42.3% |
| 2021 | +1.0% | +1.4% | +13.4% |
| 2020 | +1.2% | +2.6% | +10.6% |
| 2019 | +2.8% | +1.3% | +15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 Friends Of Crown Heights Educational Centers Inc with a Mission Score of 92 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Friends Of Crown Heights Educational Centers Inc allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. 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 surplus of $926K, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size, with over $62 million in revenue, and suggests a strong commitment to directing all funds towards program services.
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 Friends Of Crown Heights Educational Centers Inc's IRS 990 filings:
- Significant increase in liabilities relative to assets in recent years (e.g., 2023: Assets $47.8M, Liabilities $36.2M, a high liability-to-asset ratio compared to earlier years).
Strengths
The following positive indicators were identified for Friends Of Crown Heights Educational Centers Inc:
- Consistent and substantial revenue growth over the past decade, from $23.5M in 2014 to $62.2M currently.
- Strong asset accumulation, growing from $6.9M in 2014 to $47M currently.
- No reported officer compensation across all filings, indicating a high dedication of funds to mission.
- Consistent operational surplus, demonstrating sound financial management.
- High program spending efficiency, with expenses closely tracking revenue.
Frequently Asked Questions about Friends Of Crown Heights Educational Centers Inc
Is Friends Of Crown Heights Educational Centers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Crown Heights Educational Centers Inc (EIN: 112305641) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Friends Of Crown Heights Educational Centers Inc spend its money?
Friends Of Crown Heights Educational Centers Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Crown Heights Educational Centers Inc tax-deductible?
Friends Of Crown Heights Educational Centers Inc is registered as a tax-exempt nonprofit (EIN: 112305641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Crown Heights Educational Centers Inc CEO make?
Friends Of Crown Heights Educational Centers Inc's highest-compensated officer earns $62 annually. The organization reported $62.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Crown Heights Educational Centers Inc's spending goes to programs?
Friends Of Crown Heights Educational Centers Inc directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Crown Heights Educational Centers Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of Crown Heights Educational Centers Inc is above average for NTEE category P330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Crown Heights Educational Centers Inc located?
Friends Of Crown Heights Educational Centers Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112305641. It is classified under NTEE code P330.
How many years of IRS 990 filings does Friends Of Crown Heights Educational Centers Inc have?
Friends Of Crown Heights Educational Centers Inc has 13 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 $62.3M in total revenue.
How does Friends Of Crown Heights Educational Centers Inc manage to operate without reporting officer compensation?
The filings consistently show 0% for officer compensation. This could mean that executive leadership is entirely volunteer-based, compensated by a related entity, or that compensation is structured in a way that it is not reported as 'officer compensation' on the 990, though the latter is less likely given the consistent reporting.
What is the primary source of the organization's significant revenue growth?
While the specific sources are not detailed in the provided data, the consistent and substantial increase in revenue from $23.5 million in 2014 to over $62 million in the latest period suggests successful fundraising, grant acquisition, or expansion of services that generate income.
What is the nature of the organization's liabilities, which have grown significantly?
Liabilities have increased from $3.4 million in 2014 to $36.2 million in 2023. This growth could be due to expansion, capital projects, or operational financing. Further investigation into the balance sheet details would be needed to understand the composition of these liabilities.
Filing History
IRS 990 filing history for Friends Of Crown Heights Educational Centers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Crown Heights Educational Centers Inc's revenue has grown by 272.7%, moving from $15.6M to $58.3M. Total assets increased by 1152.8% over the same period, from $3.8M to $47.8M. Total functional expenses rose by 270.8%, from $15.5M to $57.3M. In its most recent filing year (2023), Friends Of Crown Heights Educational Centers Inc reported a surplus of $926K, with revenue exceeding expenses. The organization holds $36.2M in liabilities against $47.8M in assets (debt-to-asset ratio: 75.6%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58.3M | $57.3M | $47.8M | $36.2M | — | — |
| 2022 | $48.9M | $47.8M | $18.6M | $7.8M | — | View 990 |
| 2021 | $39.8M | $39.1M | $13.0M | $3.7M | — | — |
| 2020 | $39.4M | $38.6M | $11.5M | $2.9M | — | View 990 |
| 2019 | $38.9M | $37.6M | $10.4M | $2.6M | — | View 990 |
| 2018 | $37.9M | $37.1M | $9.0M | $2.5M | — | View 990 |
| 2017 | $36.2M | $35.5M | $14.3M | $8.6M | — | View 990 |
| 2016 | $31.5M | $30.6M | $9.0M | $4.0M | — | View 990 |
| 2015 | $26.9M | $26.5M | $8.8M | $4.7M | — | View 990 |
| 2014 | $23.5M | $22.8M | $7.0M | $3.4M | — | View 990 |
| 2013 | $21.4M | $20.9M | $6.7M | $3.8M | — | View 990 |
| 2012 | $17.3M | $17.1M | $4.6M | $1.9M | — | View 990 |
| 2011 | $15.6M | $15.5M | $3.8M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58.3M, expenses of $57.3M, and assets of $47.8M (revenue +19.2% year-over-year).
- 2022: Revenue of $48.9M, expenses of $47.8M, and assets of $18.6M (revenue +22.8% year-over-year).
- 2021: Revenue of $39.8M, expenses of $39.1M, and assets of $13.0M (revenue +1.0% year-over-year).
- 2020: Revenue of $39.4M, expenses of $38.6M, and assets of $11.5M (revenue +1.2% year-over-year).
- 2019: Revenue of $38.9M, expenses of $37.6M, and assets of $10.4M (revenue +2.8% year-over-year).
- 2018: Revenue of $37.9M, expenses of $37.1M, and assets of $9.0M (revenue +4.6% year-over-year).
- 2017: Revenue of $36.2M, expenses of $35.5M, and assets of $14.3M (revenue +14.9% year-over-year).
- 2016: Revenue of $31.5M, expenses of $30.6M, and assets of $9.0M (revenue +17.0% year-over-year).
- 2015: Revenue of $26.9M, expenses of $26.5M, and assets of $8.8M (revenue +14.6% year-over-year).
- 2014: Revenue of $23.5M, expenses of $22.8M, and assets of $7.0M (revenue +9.8% year-over-year).
- 2013: Revenue of $21.4M, expenses of $20.9M, and assets of $6.7M (revenue +23.8% year-over-year).
- 2012: Revenue of $17.3M, expenses of $17.1M, and assets of $4.6M (revenue +10.6% year-over-year).
- 2011: Revenue of $15.6M, expenses of $15.5M, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Crown Heights Educational Centers Inc:
Data Sources and Methodology
This transparency report for Friends Of Crown Heights Educational Centers 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.