Crossroads Academy
Crossroads Academy faces recent operating deficits despite substantial assets and no reported officer compensation.
EIN: 20451454 · Lyme, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $3.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.5M |
| Transparency Score | 70/100 |
Is Crossroads Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crossroads Academy directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Crossroads Academy
Crossroads Academy (EIN: 20451454) is a nonprofit organization based in Lyme, NH. The organization reported total revenue of $4.5M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crossroads Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crossroads Academy is a mid-size nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-606,712 |
| Total Assets | $12.9M |
| Total Liabilities | $1.4M |
| Net Assets | $11.5M |
| Operating Margin | -20.8% |
| Debt-to-Asset Ratio | 11.0% |
| Months of Reserves | 44.0 months |
Financial Health Grade: B
In 2023, Crossroads Academy reported a deficit of $607K with expenses exceeding revenue, holds 44.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Crossroads Academy's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +8.6% | -7.3% |
| 2022 | -57.7% | +10.6% | -8.3% |
| 2021 | +111.1% | +17.5% | +61.2% |
| 2020 | +27.0% | -3.2% | +11.4% |
| 2019 | -6.4% | +2.0% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Crossroads Academy with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Crossroads Academy allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $607K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.0%.
Executive Compensation Analysis
Crossroads Academy consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $11 million in assets and $2.9 million in annual revenue. This either indicates a fully volunteer executive leadership or that executive compensation is categorized differently, requiring further investigation for clarity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Crossroads Academy's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $606,712 in 2023 and $293,076 in 2022), indicating expenses exceeding revenue.
- Significant revenue volatility, with a sharp drop from $6.9 million in 2021 to $2.9 million in 2023, which could signal unstable funding sources.
- Unusually low (0%) reported officer compensation across all filings, which may obscure actual executive remuneration if it's reported elsewhere.
Strengths
The following positive indicators were identified for Crossroads Academy:
- Substantial and growing asset base, increasing from $8.6 million in 2014 to $12.8 million in 2023, providing financial stability.
- Relatively low liabilities compared to assets, indicating responsible debt management.
- Long history of IRS 990 filings (12 filings), suggesting consistent compliance and transparency in reporting.
Frequently Asked Questions about Crossroads Academy
Is Crossroads Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Crossroads Academy (EIN: 20451454) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Crossroads Academy spend its money?
Crossroads Academy directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Crossroads Academy tax-deductible?
Crossroads Academy is registered as a tax-exempt nonprofit (EIN: 20451454). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Crossroads Academy CEO make?
Crossroads Academy's highest-compensated officer earns $11 annually. The organization reported $4.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Crossroads Academy's spending goes to programs?
Crossroads Academy directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Crossroads Academy located?
Crossroads Academy is headquartered in Lyme, New Hampshire and files with the IRS under EIN 20451454.
How many years of IRS 990 filings does Crossroads Academy have?
Crossroads Academy has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.5M in total revenue.
Why has Crossroads Academy experienced operating deficits in recent years, such as the $606,712 deficit in 2023?
The filings show that in 2023, expenses ($3,516,741) exceeded revenue ($2,910,029), and a similar trend occurred in 2022 ($3,237,304 expenses vs. $2,944,228 revenue). This suggests that the organization's operational costs are currently outpacing its income generation.
What caused the significant drop in revenue from $6.9 million in 2021 to $2.9 million in 2023?
The IRS 990 data indicates a sharp decline in revenue after a peak in 2021. This could be due to one-time grants, a major fundraising event, or changes in funding streams that were not sustained in subsequent years.
How does Crossroads Academy manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests either a volunteer executive leadership model or that executive salaries are reported under other expense categories, which would require further detail from the organization to understand fully.
Filing History
IRS 990 filing history for Crossroads Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Crossroads Academy's revenue has grown by 30%, moving from $2.2M to $2.9M. Total assets increased by 57% over the same period, from $8.2M to $12.9M. Total functional expenses rose by 65.4%, from $2.1M to $3.5M. In its most recent filing year (2023), Crossroads Academy reported a deficit of $607K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $12.9M in assets (debt-to-asset ratio: 11.0%), resulting in net assets of $11.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.5M | $12.9M | $1.4M | — | View 990 |
| 2022 | $2.9M | $3.2M | $13.9M | $1.7M | — | View 990 |
| 2021 | $7.0M | $2.9M | $15.2M | $2.4M | — | View 990 |
| 2020 | $3.3M | $2.5M | $9.4M | $951K | — | — |
| 2019 | $2.6M | $2.6M | $8.4M | $813K | — | View 990 |
| 2018 | $2.8M | $2.5M | $8.6M | $1.0M | — | View 990 |
| 2017 | $2.5M | $2.4M | $8.6M | $1.2M | — | View 990 |
| 2016 | $2.0M | $2.3M | $8.2M | $968K | — | View 990 |
| 2015 | $2.2M | $2.3M | $8.3M | $767K | — | View 990 |
| 2014 | $3.0M | $2.3M | $8.7M | $1.0M | — | View 990 |
| 2013 | $2.2M | $2.3M | $7.9M | $979K | — | View 990 |
| 2012 | $2.2M | $2.1M | $8.2M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.5M, and assets of $12.9M (revenue -1.2% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.2M, and assets of $13.9M (revenue -57.7% year-over-year).
- 2021: Revenue of $7.0M, expenses of $2.9M, and assets of $15.2M (revenue +111.1% year-over-year).
- 2020: Revenue of $3.3M, expenses of $2.5M, and assets of $9.4M (revenue +27.0% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.6M, and assets of $8.4M (revenue -6.4% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.5M, and assets of $8.6M (revenue +13.3% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.4M, and assets of $8.6M (revenue +21.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.3M, and assets of $8.2M (revenue -10.1% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.3M, and assets of $8.3M (revenue -26.5% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.3M, and assets of $8.7M (revenue +38.8% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.3M, and assets of $7.9M (revenue -1.9% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.1M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Crossroads Academy:
Data Sources and Methodology
This transparency report for Crossroads Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.