Crossroads Nola Inc

Analysis

Crossroads Nola Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Crossroads Nola Inc reported income of $813k and spending of $921k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $824k to $813k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 245%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crossroads Nola Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within LA. Charities of a similar size with the same main cause include Turning Point-Interfaith Mission Inc ($813k), Am Affordable Housing Inc ($814k) and Y Community Development Corp ($812k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $86k (9.3% of expenses). Other salaries and wages came to $498k. At year end it held assets of $1.6m against liabilities of $26k, net assets of $1.6m. It reported 15 employees.