The Crenulated Company Ltd
The Crenulated Company Ltd shows recent financial stability after periods of significant asset and expense volatility, with no reported officer compensation.
EIN: 141719016 · Bronx, NY · NTEE: L99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $10.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $3.1M |
| Transparency Score | 75/100 |
Is The Crenulated Company Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Crenulated Company Ltd directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Crenulated Company Ltd
The Crenulated Company Ltd (EIN: 141719016) is a nonprofit organization based in Bronx, NY, classified under NTEE code L99. The organization reported total revenue of $11.2M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Crenulated Company Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Crenulated Company Ltd is a large nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.4M |
| Total Expenses | $10.9M |
| Surplus / Deficit | $-497,976 |
| Total Assets | $9.4M |
| Total Liabilities | $6.3M |
| Net Assets | $3.1M |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 66.8% |
| Months of Reserves | 10.3 months |
Financial Health Grade: C
In 2023, The Crenulated Company Ltd reported a deficit of $498K with expenses exceeding revenue, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 66.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Crenulated Company Ltd's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +6.5% | +2.3% |
| 2022 | +68.8% | +134.5% | +1.5% |
| 2021 | -16.4% | -36.4% | +8.7% |
| 2020 | +2.9% | -73.9% | +0.8% |
| 2019 | +1.9% | +230.8% | -68.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 The Crenulated Company Ltd 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Crenulated Company Ltd allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $498K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.8%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with over $10 million in annual revenue, suggesting either a fully volunteer executive team or that executive salaries are categorized differently, which could impact transparency.
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 The Crenulated Company Ltd's IRS 990 filings:
- Significant historical volatility in assets and expenses, particularly the $89M assets in 2017 and $26.3M expenses in 2019, without clear explanation in summary data.
- Consistent 0% reported officer compensation for an organization with over $10 million in revenue, which may obscure true leadership costs.
- Expenses slightly exceeded revenue in the most recent period (202306), indicating a minor operating deficit.
Strengths
The following positive indicators were identified for The Crenulated Company Ltd:
- Recent financial stability with revenues generally covering expenses (excluding 2023's minor deficit).
- Long filing history (13 filings) indicates consistent reporting to the IRS.
- Apparent commitment to program spending, assuming a reasonable allocation of expenses.
Frequently Asked Questions about The Crenulated Company Ltd
Is The Crenulated Company Ltd a legitimate charity?
The Crenulated Company Ltd (EIN: 141719016) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.2M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does The Crenulated Company Ltd spend its money?
The Crenulated Company Ltd directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Crenulated Company Ltd tax-deductible?
The Crenulated Company Ltd is registered as a tax-exempt nonprofit (EIN: 141719016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Crenulated Company Ltd CEO make?
The Crenulated Company Ltd's highest-compensated officer earns $10 annually. The organization reported $11.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Crenulated Company Ltd's spending goes to programs?
The Crenulated Company Ltd directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Crenulated Company Ltd compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Crenulated Company Ltd is above average for NTEE category L99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Crenulated Company Ltd located?
The Crenulated Company Ltd is headquartered in Bronx, New York and files with the IRS under EIN 141719016. It is classified under NTEE code L99.
How many years of IRS 990 filings does The Crenulated Company Ltd have?
The Crenulated Company Ltd 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 $11.2M in total revenue.
What caused the significant fluctuations in assets, particularly the $89 million in 2017 and $25 million in 2018, compared to the current $5.49 million?
The IRS 990 data alone does not provide sufficient detail to explain these large swings. It could be due to large capital projects, asset sales, or changes in investment portfolios. Further investigation into the organization's financial statements and narrative descriptions would be necessary.
How does The Crenulated Company Ltd manage to operate with 0% reported officer compensation, given its revenue of over $10 million?
This could indicate a fully volunteer-led executive team, or that compensation for key management personnel is reported under other expense categories (e.g., program expenses, administrative expenses) rather than specifically as 'officer compensation'. This practice, while not necessarily problematic, can obscure the true cost of leadership.
What was the nature of the substantial expenses in 2019 ($26,322,904) that significantly exceeded revenue ($7,194,330)?
The filing data does not specify the nature of these expenses. Such a large deficit in a single year could indicate a major one-time expenditure, a significant program investment, or a financial restructuring. This would require reviewing the detailed expense breakdown in the 990 for that period.
Filing History
IRS 990 filing history for The Crenulated Company Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Crenulated Company Ltd's revenue has declined by 16.8%, moving from $12.5M to $10.4M. Total assets increased by 93.7% over the same period, from $4.8M to $9.4M. Total functional expenses fell by 9.4%, from $12.1M to $10.9M. In its most recent filing year (2023), The Crenulated Company Ltd reported a deficit of $498K, with expenses exceeding revenue. The organization holds $6.3M in liabilities against $9.4M in assets (debt-to-asset ratio: 66.8%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.4M | $10.9M | $9.4M | $6.3M | — | View 990 |
| 2022 | $10.4M | $10.3M | $9.2M | $5.6M | — | View 990 |
| 2021 | $6.2M | $4.4M | $9.1M | $5.6M | — | View 990 |
| 2020 | $7.4M | $6.9M | $8.3M | $4.1M | — | — |
| 2019 | $7.2M | $26.3M | $8.3M | $4.5M | — | View 990 |
| 2018 | $7.1M | $8.0M | $26.0M | $3.1M | — | View 990 |
| 2017 | $6.7M | $7.2M | $89.0M | $81.4M | — | View 990 |
| 2016 | $12.3M | $10.9M | $87.7M | $80.2M | — | View 990 |
| 2015 | $14.8M | $14.8M | $7.9M | $1.8M | — | View 990 |
| 2014 | $14.1M | $13.8M | $8.1M | $1.9M | — | View 990 |
| 2013 | $13.4M | $13.1M | $7.9M | $2.1M | — | View 990 |
| 2012 | $14.6M | $11.9M | $7.6M | $2.1M | — | View 990 |
| 2011 | $12.5M | $12.1M | $4.8M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.4M, expenses of $10.9M, and assets of $9.4M (revenue -0.2% year-over-year).
- 2022: Revenue of $10.4M, expenses of $10.3M, and assets of $9.2M (revenue +68.8% year-over-year).
- 2021: Revenue of $6.2M, expenses of $4.4M, and assets of $9.1M (revenue -16.4% year-over-year).
- 2020: Revenue of $7.4M, expenses of $6.9M, and assets of $8.3M (revenue +2.9% year-over-year).
- 2019: Revenue of $7.2M, expenses of $26.3M, and assets of $8.3M (revenue +1.9% year-over-year).
- 2018: Revenue of $7.1M, expenses of $8.0M, and assets of $26.0M (revenue +5.5% year-over-year).
- 2017: Revenue of $6.7M, expenses of $7.2M, and assets of $89.0M (revenue -45.6% year-over-year).
- 2016: Revenue of $12.3M, expenses of $10.9M, and assets of $87.7M (revenue -16.8% year-over-year).
- 2015: Revenue of $14.8M, expenses of $14.8M, and assets of $7.9M (revenue +4.8% year-over-year).
- 2014: Revenue of $14.1M, expenses of $13.8M, and assets of $8.1M (revenue +5.1% year-over-year).
- 2013: Revenue of $13.4M, expenses of $13.1M, and assets of $7.9M (revenue -8.1% year-over-year).
- 2012: Revenue of $14.6M, expenses of $11.9M, and assets of $7.6M (revenue +16.5% year-over-year).
- 2011: Revenue of $12.5M, expenses of $12.1M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Crenulated Company Ltd:
Data Sources and Methodology
This transparency report for The Crenulated Company 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.