Crossover Scholarship Fund Inc

Analysis

Crossover Scholarship Fund Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in February 2017, 9 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 December 2023, Crossover Scholarship Fund Inc reported income of $813k and spending of $1.5m, spending 184% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $420k to $813k (+94%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 155% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crossover Scholarship Fund Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OK. Charities of a similar size with the same main cause include Revere Beach Partnership Inc ($812k), Friends of Lincoln ($813k) and Bedford Stuyvesant Gateway District Management Association Inc ($812k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $1.4m, net assets of -$1.3m.

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.