Crossroads Housing

Analysis

Crossroads Housing is a registered charity in United States, based in Shelton, WA. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing reported income of $3.6m and spending of $3.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $787k to $3.6m (+357%), an average of +46% a year. The sharpest change came in the year to June 2022, when income rose by 228%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crossroads Housing sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Metairie Manor Inc ($3.6m), Visions for Creative Housing Solutions ($3.6m) and Luther House ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $190k (5.4% of expenses). Other salaries and wages came to $342k. At year end it held assets of $4.2m against liabilities of $3.8m, net assets of $357k. It reported 21 employees.