Crosswater Canyon Inc

Analysis

Crosswater Canyon Inc is a registered charity in United States, based in Petersburg, KY. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Crosswater Canyon Inc reported income of $37.3m and spending of $29.8m, leaving 20% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $49.2m to $37.3m (-24%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Crosswater Canyon Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Dia Center for the Arts Inc ($37.2m), The Santa Fe Opera ($37.3m) and Alvin Ailey Dance Foundation Inc ($37.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $67k (0.2% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $132.2m against liabilities of $49.3m, net assets of $82.9m. It reported 883 employees.