Crossroads Rural Entrepreneurial Institute Inc

Analysis

Crossroads Rural Entrepreneurial Institute Inc is a registered charity in United States, based in Galax, VA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Crossroads Rural Entrepreneurial Institute Inc reported income of $576k and spending of $743k, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $883k to $576k (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crossroads Rural Entrepreneurial Institute Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Friends of St Stephens ($576k), Central States Numismatic Society ($576k) and Tools for Tomorrow Inc ($576k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $133k. At year end it held assets of $3.4m against liabilities of $1.8m, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.