Crosslife Ministries Inc

Analysis

Crosslife Ministries Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Crosslife Ministries Inc reported income of $269k and spending of $317k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $269k (-3.7%), an average of -0.9% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Crosslife Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Blessed Community Church of NJ Inc ($269k), Jim Gilbert Ministries Inc ($269k) and Final Fight Bible Radio ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $83k (26% of expenses). Other salaries and wages came to $128k. At year end it held assets of $177k against liabilities of $0, net assets of $177k. It reported 4 employees.