The Cross Road Rest and Retirement Center Inc

Analysis

The Cross Road Rest and Retirement Center Inc is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, The Cross Road Rest and Retirement Center Inc reported income of $6.2m and spending of $6.0m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $6.2m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to September 2021, when income dropped by 17%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Cross Road Rest and Retirement Center 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 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Growing Home Southeast Inc ($6.2m), San Fernando Valley Interfaith Council Inc ($6.2m) and Corpsafrica ($6.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $167k (2.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $9.7m against liabilities of $4.9m, net assets of $4.8m. It reported 153 employees.