Crosland Foundation

Analysis

Crosland Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Crosland Foundation reported income of $90.0m and spending of $1.6m, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $90.0m (+3979%), an average of +153% a year. The sharpest change came in the year to December 2023, when income rose by 4483%. Over the whole period it spent 5.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Crosland Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include J Howard Pew Freedom TR ($89.1m), St Louis Community Foundation Incorporated ($90.3m) and Kars 4 Kids Inc ($89.1m).

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 $4,615 (0.3% of expenses). At year end it held assets of $116.2m against liabilities of $2,400, net assets of $116.2m.