Crosspoint Family Life Ministry Inc

Analysis

Crosspoint Family Life Ministry Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1996, 30 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, Crosspoint Family Life Ministry Inc reported income of $593k and spending of $596k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $458k to $593k (+29%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Crosspoint Family Life Ministry Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Praise Center Ministries Inc ($592k), Solomon Center Inc ($593k) and Ebenezer Building Foundation Inc ($592k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $90k (15% of expenses). Other salaries and wages came to $90k. At year end it held assets of $86k against liabilities of $35k, net assets of $52k. It reported 6 employees.

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.