Crossroads Industries Inc

Analysis

Crossroads Industries Inc is a registered charity in United States, based in Gaylord, MI. It received its IRS tax-exemption ruling in September 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Crossroads Industries Inc reported income of $963k and spending of $916k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $605k to $963k (+59%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 92%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Crossroads Industries Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Urban Erie Community Development Corporation ($962k), Cooper Square Community Development Committee Inc ($964k) and Fourth Plain Forward ($962k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $143k (16% of expenses). Other salaries and wages came to $412k. At year end it held assets of $548k against liabilities of $152k, net assets of $396k. It reported 30 employees.