Crossroads College Foundation

Analysis

Crossroads College Foundation is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Crossroads College Foundation reported income of $98k and spending of $116k, spending 119% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $654k to $98k (-85%), an average of -38% a year. The sharpest change came in the year to June 2024, when income rose by 138%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crossroads College Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Do Good Student Support Group a NJ Nonprofit Corporation ($98k), Norfolk Area Chamber of Commerce Foundation ($98k) and French Tech San Francisco ($98k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $2.0m against liabilities of $7,944, net assets of $1.9m.

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.