Crossroads Fund

Analysis

Crossroads Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1980, 46 years ago. 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 June 2023, Crossroads Fund reported income of $7.0m and spending of $7.3m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $7.0m (+273%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 134%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Crossroads Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Southwest Solutions Inc ($7.0m), San Diego Eye Bank ($7.0m) and Homeless Solutions Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $158k (2.1% of expenses). Other salaries and wages came to $666k. At year end it held assets of $13.4m against liabilities of $1.8m, net assets of $11.6m. It reported 9 employees.