Crosses for Losses

Analysis

Crosses for Losses is a registered charity in United States, based in Penrose, CO. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover human services, 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 December 2023, Crosses for Losses reported income of $71k and spending of $54k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $106k to $71k (-33%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crosses for Losses sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include Sunflower Outreach Services ($71k), Mame Jaara Foundation ($71k) and John C Bogle Center for Financial Literacy ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.