Crosswave

Analysis

Crosswave is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in March 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 2022, Crosswave reported income of $81k and spending of $33k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $33k to $81k (+144%), an average of +144% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Crosswave sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include West Japan Mission Inc ($81k), Main Street Prayer Center Inc ($81k) and Christ Centered Evangelical Church Inc ($81k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 40% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.