Madison Ave-Crossroads Community Ministries Inc

Analysis

Madison Ave-Crossroads Community Ministries Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Madison Ave-Crossroads Community Ministries Inc reported income of $644k and spending of $505k, leaving 22% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $632k to $644k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to August 2021, when income rose by 60%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Madison Ave-Crossroads Community Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Youth Design Center Inc ($643k), North Tacoma Soccer Club ($644k) and Whitefish Thrift Haus Inc ($642k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $94k (19% of expenses). Other salaries and wages came to $85k. At year end it held assets of $2.0m against liabilities of $64k, net assets of $2.0m. It reported 7 employees.