Crossroad Institute Inc

Analysis

Crossroad Institute Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 2021, 5 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 December 2023, Crossroad Institute Inc reported income of $2.7m and spending of $1.6m, leaving 43% of income unspent that year. Across the 4 years on record, from August 2021 to December 2023, income grew from $60k to $2.7m (+4450%), an average of +257% a year. The sharpest change came in the year to December 2021, when income rose by 2582%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crossroad Institute Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Maine Secondary School Principals Association ($2.7m), Intech Collegiate Academy ($2.7m) and Loveworks Academy for Visual & Performing Arts ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $85k (5.5% of expenses). Other salaries and wages came to $544k. At year end it held assets of $7.3m against liabilities of $149k, net assets of $7.1m. It reported 16 employees.