Crossroads Academy

Analysis

Crossroads Academy is a registered charity in United States, based in Lyme, NH. It received its IRS tax-exemption ruling in May 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Crossroads Academy reported income of $2.9m and spending of $3.5m, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.3m to $2.9m (-12%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Crossroads Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NH. Charities of a similar size with the same main cause include Harlem Educational Activities Fund Inc ($2.9m), Florida Council on Compulsive Gambling Inc ($2.9m) and Manufactured Housing Community Preservationists ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $167k (4.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $12.9m against liabilities of $1.4m, net assets of $11.5m. It reported 34 employees.