Crosswood Inc

Analysis

Crosswood Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in November 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Crosswood Inc reported income of $7.3m and spending of $6.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $7.3m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crosswood Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include The Seattle School of Theology & Psychology ($7.3m), Bentonville Library Foundation ($7.3m) and Mountainville Academy ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $210k (3.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $5.1m against liabilities of $1.6m, net assets of $3.5m. It reported 113 employees.