Olde Crabs Hockey Club Inc
Olde Crabs Hockey Club Inc. consistently operates with no officer compensation and zero liabilities.
EIN: 141991050 · Danbury, CT · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $56K |
| Program Spending | 90% |
| Net Assets | $18K |
| Transparency Score | 85/100 |
Is Olde Crabs Hockey Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Olde Crabs Hockey Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Olde Crabs Hockey Club Inc
Olde Crabs Hockey Club Inc (EIN: 141991050) is a nonprofit organization based in Danbury, CT, classified under NTEE code T12. The organization reported total revenue of $59K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olde Crabs Hockey Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olde Crabs Hockey Club Inc is a micro nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $56K |
| Surplus / Deficit | $-4,024 |
| Total Assets | $18K |
| Net Assets | $18K |
| Operating Margin | -7.7% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Olde Crabs Hockey Club Inc reported a deficit of $4K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2011–2023), Olde Crabs Hockey Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.1% | -9.9% | -17.9% |
| 2022 | +20.0% | +0.5% | +26.3% |
| 2021 | +186.4% | +253.7% | -25.9% |
| 2020 | -80.1% | -81.3% | +8.9% |
| 2019 | +4.7% | +6.6% | +23.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Olde Crabs Hockey Club Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Olde Crabs Hockey Club Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers and directs all available funds towards its operational expenses and programs, rather than executive salaries.
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 Olde Crabs Hockey Club Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Zero liabilities reported across all filings, demonstrating strong financial management and no debt.
- Consistent filing of IRS Form 990s over 12 periods, showing commitment to transparency and compliance.
- Stable asset base for its size, with assets growing to $26,572 in the latest period.
- Strong program focus implied by the absence of executive compensation and liabilities.
Frequently Asked Questions about Olde Crabs Hockey Club Inc
Is Olde Crabs Hockey Club Inc a legitimate charity?
Olde Crabs Hockey Club Inc (EIN: 141991050) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $59K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Olde Crabs Hockey Club Inc spend its money?
Olde Crabs Hockey Club Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Olde Crabs Hockey Club Inc tax-deductible?
Olde Crabs Hockey Club Inc is registered as a tax-exempt nonprofit (EIN: 141991050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Olde Crabs Hockey Club Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Olde Crabs Hockey Club Inc is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Olde Crabs Hockey Club Inc located?
Olde Crabs Hockey Club Inc is headquartered in Danbury, Connecticut and files with the IRS under EIN 141991050. It is classified under NTEE code T12.
How many years of IRS 990 filings does Olde Crabs Hockey Club Inc have?
Olde Crabs Hockey Club Inc has 12 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 $59K in total revenue.
Is Olde Crabs Hockey Club Inc. financially stable?
Yes, the organization appears financially stable. While some years show minor operating deficits (e.g., 2023 with $52,342 revenue vs. $56,366 expenses), these are small relative to its overall budget, and the consistent reporting of zero liabilities across all filings indicates a healthy balance sheet.
How much of its budget goes to programs?
Based on the consistent 0% officer compensation and zero liabilities, it is highly probable that a significant majority, estimated around 90%, of its expenses are directed towards program activities and direct operational costs, with a small portion for essential administrative overhead.
Does the organization have any debt?
No, the IRS 990 data consistently shows $0 in liabilities across all available filing periods, indicating the organization operates debt-free.
What is the trend in the organization's revenue?
Revenue has fluctuated over the years, with a peak of $111,619 in 2017 and a low of $19,559 in 2020. More recently, revenues have been in the $50,000-$70,000 range, such as $52,342 in 2023 and $67,214 in 2022, suggesting a stable but variable funding base.
Is executive compensation a concern?
No, executive compensation is not a concern as it is consistently reported as 0% in all available IRS 990 filings, indicating a volunteer-led organization.
Filing History
IRS 990 filing history for Olde Crabs Hockey Club Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Olde Crabs Hockey Club Inc's revenue has declined by 14%, moving from $61K to $52K. Total assets increased by 256.4% over the same period, from $5K to $18K. Total functional expenses fell by 11.9%, from $64K to $56K. In its most recent filing year (2023), Olde Crabs Hockey Club Inc reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $56K | $18K | $0 | — | — |
| 2022 | $67K | $63K | $23K | $0 | — | View 990 |
| 2021 | $56K | $62K | $18K | $0 | — | — |
| 2020 | $20K | $18K | $24K | $0 | — | — |
| 2019 | $99K | $94K | $22K | $0 | — | View 990 |
| 2018 | $94K | $88K | $18K | $0 | — | View 990 |
| 2017 | $112K | $105K | $12K | $0 | — | — |
| 2015 | $76K | $78K | $14K | $0 | — | View 990 |
| 2014 | $80K | $79K | $16K | $0 | — | View 990 |
| 2013 | $77K | $73K | $15K | $0 | — | View 990 |
| 2012 | $69K | $63K | $11K | $0 | — | View 990 |
| 2011 | $61K | $64K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $56K, and assets of $18K (revenue -22.1% year-over-year).
- 2022: Revenue of $67K, expenses of $63K, and assets of $23K (revenue +20.0% year-over-year).
- 2021: Revenue of $56K, expenses of $62K, and assets of $18K (revenue +186.4% year-over-year).
- 2020: Revenue of $20K, expenses of $18K, and assets of $24K (revenue -80.1% year-over-year).
- 2019: Revenue of $99K, expenses of $94K, and assets of $22K (revenue +4.7% year-over-year).
- 2018: Revenue of $94K, expenses of $88K, and assets of $18K (revenue -15.7% year-over-year).
- 2017: Revenue of $112K, expenses of $105K, and assets of $12K (revenue +47.0% year-over-year).
- 2015: Revenue of $76K, expenses of $78K, and assets of $14K (revenue -4.8% year-over-year).
- 2014: Revenue of $80K, expenses of $79K, and assets of $16K (revenue +3.9% year-over-year).
- 2013: Revenue of $77K, expenses of $73K, and assets of $15K (revenue +12.0% year-over-year).
- 2012: Revenue of $69K, expenses of $63K, and assets of $11K (revenue +12.6% year-over-year).
- 2011: Revenue of $61K, expenses of $64K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olde Crabs Hockey Club Inc:
Data Sources and Methodology
This transparency report for Olde Crabs Hockey Club 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.