Crossroads at Antigua Foundation

Analysis

Crossroads at Antigua Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Crossroads at Antigua Foundation reported income of $585k and spending of $2.0m, spending 348% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $440k to $585k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2020, when income rose by 557%. Over the whole period it spent 191% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Crossroads at Antigua Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include U Empower of Maryland Inc ($584k), Green Mountain United Way ($585k) and Filantropia Puerto Rico Inc ($584k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 0.1% of the total. At year end it held assets of $5.7m against liabilities of $1.5m, net assets of $4.2m.

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.