Crosspointe Academy Inc

Analysis

Crosspointe Academy Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in August 2007, 19 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, Crosspointe Academy Inc reported income of $843k and spending of $753k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $306k to $843k (+176%), an average of +29% a year. The sharpest change came in the year to June 2020, when income rose by 57%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crosspointe Academy Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Learn to Be Foundation ($843k), Parsons-Decatur County Higher Education Foundation ($843k) and Most Policy Initiative ($843k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $40k (5.3% of expenses). Other salaries and wages came to $506k. At year end it held assets of $88k against liabilities of $4,611, net assets of $84k. It reported 30 employees.