Crossroads Hope Academy Incorporated

Analysis

Crossroads Hope Academy Incorporated is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in November 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 June 2023, Crossroads Hope Academy Incorporated reported income of $3.9m and spending of $3.0m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $3.9m (+125%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crossroads Hope Academy Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include A Call to College ($3.9m), Faith Baptist Bible College Inc ($3.9m) and Midland Academy Charter School Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $78k (2.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.3m against liabilities of $518k, net assets of $1.8m. It reported 51 employees.