Crossfix Ministries Inc

Analysis

Crossfix Ministries Inc is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2021, Crossfix Ministries Inc reported income of $326k and spending of $192k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $991k to $326k (-67%), an average of -43% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Crossfix Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Knowing Jesus Ministries Inc ($326k), Committee on Missionary Evangelism ($326k) and Gets Theological Seminary Foundation ($326k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.6m against liabilities of $419k, net assets of $1.2m. It reported 5 employees.