Crossnet Ministries

Analysis

Crossnet Ministries is a registered charity in United States, based in New Holland, PA. It received its IRS tax-exemption ruling in November 1996, 30 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 2023, Crossnet Ministries reported income of $3.8m and spending of $1.8m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.8m (+258%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Crossnet Ministries sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Gospel Outreach ($3.8m), Biblical Mennonite Alliance Inc ($3.8m) and Toras Chesed Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $98k (5.4% of expenses). Other salaries and wages came to $710k. At year end it held assets of $6.7m against liabilities of $97k, net assets of $6.6m. It reported 19 employees.