The Companions of the Cross

Analysis

The Companions of the Cross is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The Companions of the Cross reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $928k to $1.0m (+7.8%), an average of +2.5% a year. The sharpest change came in the year to August 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Companions of the Cross sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Transcribing Mariners ($1.0m), Sisters of the Road ($1.0m) and Saint Martins Ministries ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $40k (4.0% of expenses). Other salaries and wages came to $218k. At year end it held assets of $3.0m against liabilities of $2.8m, net assets of $228k. It reported 5 employees.