Crossroads at Park Place Inc

Analysis

Crossroads at Park Place Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Crossroads at Park Place Inc reported income of $174k and spending of $210k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $275k to $174k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 52%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crossroads at Park Place Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Inga Foundation ($174k), Harrison Greenberg Memorial Foundation ($174k) and Little Smiles & Company ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $12k (5.6% of expenses). Other salaries and wages came to $36k. At year end it held assets of $239k against liabilities of $2,014, net assets of $237k. It reported 6 employees.

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.