Cross Road Correctional Ministries

Analysis

Cross Road Correctional Ministries is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 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 June 2024, Cross Road Correctional Ministries reported income of $3.2m and spending of $3.8m, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $3.2m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cross Road Correctional Ministries sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include C5 Childrens School ($3.2m), Uwchlan Ambulance Corps Inc ($3.2m) and Cristo Rey Kansas City ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $414k (11% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.4m against liabilities of $238k, net assets of $1.2m. It reported 34 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.