Crossroads Academy

Analysis

Crossroads Academy is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in November 1979, 47 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 June 2023, Crossroads Academy reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.3m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crossroads Academy 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 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include One Stop Career Center of PR Inc ($3.3m), Auxiliary Services Association of Nassau Community College Inc ($3.3m) and Barton County Junior College Endowment Association ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $271k (8.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.9m against liabilities of $4.5m, net assets of $352k. It reported 54 employees.