Crossroads of Michigan

Analysis

Crossroads of Michigan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 1984, 42 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 December 2023, Crossroads of Michigan reported income of $1.5m and spending of $1.8m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.5m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Crossroads of Michigan sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Harlequin Productions ($1.5m), The Family Firm Institute Inc ($1.5m) and Talleres de Oracion Y Vida Prayer and Life Workshops Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $129k (7.2% of expenses). Other salaries and wages came to $501k. At year end it held assets of $2.1m against liabilities of $34k, net assets of $2.1m. It reported 26 employees.