Cross of Life Inc

Analysis

Cross of Life Inc is a registered charity in United States, based in Seward, NE. It received its IRS tax-exemption ruling in February 2011, 15 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, Cross of Life Inc reported income of $70k and spending of $73k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $72k to $70k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cross of Life Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NE. Charities of a similar size with the same main cause include Psalm 128 Missions ($70k), Divine Romance Ministries ($70k) and Spiritual Success Institute Inc ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 83% of the total. At year end it held assets of $277k against liabilities of $0, net assets of $277k.