Crossroads Center

Analysis

Crossroads Center is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Crossroads Center reported income of $3.6m and spending of $2.8m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $3.6m (+79%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crossroads Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within NE. Charities of a similar size with the same main cause include Massachusetts Affordable Housing Alliance Inc ($3.6m), Habitat for Humanity International Inc ($3.6m) and True North Housing Alliance Inc ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $142k (5.0% of expenses). Other salaries and wages came to $1.3m. It paid $185k in professional fundraising fees. At year end it held assets of $9.7m against liabilities of $2.0m, net assets of $7.7m. It reported 75 employees.