Crossroads Academy Inc

Analysis

Crossroads Academy Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Crossroads Academy Inc reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $736k to $1.5m (+99%), an average of +19% a year. The sharpest change came in the year to July 2022, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crossroads Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Unity Christian School ($1.5m), Kulaniakea ($1.5m) and Forest Hills PTO & Boosters Council ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $124k (9.8% of expenses). Other salaries and wages came to $702k. At year end it held assets of $532k against liabilities of $17k, net assets of $516k. It reported 28 employees.