Crossbridge Inc

Analysis

Crossbridge Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Crossbridge Inc reported income of $3.2m and spending of $1.6m, leaving 49% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.1m to $3.2m (+202%), an average of +32% a year. The sharpest change came in the year to May 2022, when income rose by 176%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crossbridge Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include South Florida Academy of Learning Inc ($3.2m), Pacific Christian Academy ($3.2m) and Paradise Christian School & Development Center Inc ($3.2m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 75% and program service revenue 14% of the total. Other salaries and wages came to $868k. At year end it held assets of $10.5m against liabilities of $320k, net assets of $10.1m. It reported 36 employees.