Cross Outreach Ministries Inc

Analysis

Cross Outreach Ministries Inc is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2022, Cross Outreach Ministries Inc reported income of $3.0m and spending of $2.4m, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.3m to $3.0m (+29%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cross Outreach Ministries Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Church Planting Network ($3.0m), Icny Land Owner Corporation ($3.0m) and Friends of Anselm House ($3.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.8% and program service revenue 29% of the total. At year end it held assets of $25.7m against liabilities of $14.3m, net assets of $11.4m.