Crossover Restoration Foundation

Analysis

Crossover Restoration Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Crossover Restoration Foundation reported income of $77k and spending of $223k, spending 290% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $403k to $77k (-81%), an average of -34% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Crossover Restoration Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Iglesia Cristiana Manantial de Vida Inc ($77k), Faith Chapel Ministries ($77k) and Stepping Stone Mission ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (39% of expenses). At year end it held assets of $550k against liabilities of $1,814, net assets of $548k. It reported 1 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.