Crossroads Rhode Island

Analysis

Crossroads Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1934, 92 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Crossroads Rhode Island reported income of $30.7m and spending of $19.3m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.1m to $30.7m (+134%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crossroads Rhode Island sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within RI. Charities of a similar size with the same main cause include Brooklyn Bureau of Community Service ($30.7m), Judson ($30.7m) and Minnesota Masonic Home Care Center ($30.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $1.1m (5.6% of expenses). Other salaries and wages came to $7.7m. It paid $214k in professional fundraising fees. At year end it held assets of $55.8m against liabilities of $21.9m, net assets of $33.8m. It reported 286 employees.