Crossroads Community Food Network Inc

Analysis

Crossroads Community Food Network Inc is a registered charity in United States, based in Takoma Park, MD. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Community Food Network Inc reported income of $870k and spending of $869k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $666k to $870k (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crossroads Community Food Network Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Ramona Food and Clothes Closet Inc ($870k), United Progress Inc ($870k) and Reimagine Atl ($870k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $80k (9.2% of expenses). Other salaries and wages came to $282k. At year end it held assets of $853k against liabilities of $46k, net assets of $808k. It reported 8 employees.