Crosstown High School Inc

Analysis

Crosstown High School Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2016, 10 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 2024, Crosstown High School Inc reported income of $7.2m and spending of $8.0m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.4m to $7.2m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crosstown High School 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 94th percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Santa Barbara Middle School ($7.2m), Kipp Tulsa Academy College Preparatory Inc ($7.2m) and St Marys College of Maryland Foundation Inc ($7.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $450k (5.6% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $7.0m against liabilities of $7.8m, net assets of -$781k. It reported 81 employees.

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.