Crossway Tower Inc

Analysis

Crossway Tower Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Crossway Tower Inc reported income of $148k and spending of $301k, spending 203% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $164k to $148k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crossway Tower Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Mobility Special Care Housing Inc ($148k), Pines of Aberdeen Inc ($148k) and Procap Housing Inc ($148k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $2.4m against liabilities of $3.6m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.