Crossroads4hope

Analysis

Crossroads4hope is a registered charity in United States, based in Bedminster, NJ. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Crossroads4hope reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $983k to $1.3m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crossroads4hope sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Portuguese Organization for Social Services and Opportunities ($1.3m), Angel de LA Guarda Inc ($1.3m) and New York Taxi Workers Alliance Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $164k (11% of expenses). Other salaries and wages came to $792k. At year end it held assets of $3.4m against liabilities of $11k, net assets of $3.4m. It reported 19 employees.