Crossroads Academy Inc
Crossroads Academy Inc shows consistent revenue growth and strong financial health with no reported officer compensation.
EIN: 203299844 · Ocala, FL · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $516K |
| Transparency Score | 92/100 |
Is Crossroads Academy Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crossroads Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Crossroads Academy Inc
Crossroads Academy Inc (EIN: 203299844) is a nonprofit organization based in Ocala, FL, classified under NTEE code B20. The organization reported total revenue of $1.3M and total assets of $503K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crossroads Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crossroads Academy Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$200K |
| Total Assets | $532K |
| Total Liabilities | $17K |
| Net Assets | $516K |
| Operating Margin | 13.6% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2023, Crossroads Academy Inc reported a surplus of $200K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Crossroads Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.3% | +17.4% | +50.1% |
| 2022 | +61.1% | +29.1% | -3.3% |
| 2021 | +5.5% | +3.2% | +24.1% |
| 2020 | +3.3% | +14.4% | +30.0% |
| 2019 | -0.3% | -6.5% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Crossroads Academy Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $200K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Crossroads Academy Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive financial practice, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, allowing more funds to be directed to programs.
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.
Strengths
The following positive indicators were identified for Crossroads Academy Inc:
- Consistent revenue growth, increasing from $735,607 in 201407 to $1,464,961 in 202307.
- Strong asset growth, more than tripling from $169,975 in 201407 to $532,485 in 202307.
- 0% reported officer compensation across all 13 filings, indicating high efficiency in resource allocation.
- Positive net income in most recent years, with revenue exceeding expenses by nearly $200,000 in 202307.
- Low liabilities relative to assets, with liabilities at $16,544 against assets of $532,485 in 202307.
Frequently Asked Questions about Crossroads Academy Inc
Is Crossroads Academy Inc a legitimate charity?
Crossroads Academy Inc (EIN: 203299844) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Crossroads Academy Inc spend its money?
Crossroads Academy Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Crossroads Academy Inc tax-deductible?
Crossroads Academy Inc is registered as a tax-exempt nonprofit (EIN: 203299844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Crossroads Academy Inc's spending goes to programs?
Crossroads Academy Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Crossroads Academy Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Crossroads Academy Inc is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Crossroads Academy Inc located?
Crossroads Academy Inc is headquartered in Ocala, Florida and files with the IRS under EIN 203299844. It is classified under NTEE code B20.
How many years of IRS 990 filings does Crossroads Academy Inc have?
Crossroads Academy Inc has 13 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 $1.3M in total revenue.
Is Crossroads Academy Inc a good charity?
Based on the available financial data, Crossroads Academy Inc appears to be a good charity. It demonstrates consistent revenue growth, maintains healthy asset levels, and notably reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission.
How has Crossroads Academy Inc's financial health changed over time?
Crossroads Academy Inc has shown significant financial improvement over the past decade. Revenue has grown from $735,607 in 201407 to $1,464,961 in 202307, and assets have more than tripled from $169,975 to $532,485 in the same period, indicating robust growth and increasing financial stability.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, reporting 0% officer compensation in all 13 available IRS 990 filings. This suggests a volunteer-led executive team or a structure where executive roles are compensated through non-officer classifications, maximizing funds for programs.
Filing History
IRS 990 filing history for Crossroads Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Crossroads Academy Inc's revenue has grown by 246.1%, moving from $423K to $1.5M. Total assets increased by 451.4% over the same period, from $97K to $532K. Total functional expenses rose by 238.6%, from $374K to $1.3M. In its most recent filing year (2023), Crossroads Academy Inc reported a surplus of $200K, with revenue exceeding expenses. The organization holds $17K in liabilities against $532K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $516K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.3M | $532K | $17K | — | View 990 |
| 2022 | $1.3M | $1.1M | $355K | $39K | — | View 990 |
| 2021 | $803K | $835K | $367K | $270K | — | View 990 |
| 2020 | $761K | $809K | $296K | $167K | — | View 990 |
| 2019 | $736K | $707K | $227K | $51K | — | View 990 |
| 2018 | $739K | $756K | $197K | $50K | — | View 990 |
| 2017 | $797K | $799K | $182K | $17K | — | View 990 |
| 2016 | $800K | $756K | $182K | $15K | — | View 990 |
| 2015 | $734K | $761K | $160K | $38K | — | View 990 |
| 2014 | $736K | $693K | $170K | $21K | — | View 990 |
| 2013 | $566K | $608K | $146K | $40K | — | View 990 |
| 2012 | $598K | $491K | $166K | $19K | — | View 990 |
| 2011 | $423K | $374K | $97K | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.3M, and assets of $532K (revenue +13.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $355K (revenue +61.1% year-over-year).
- 2021: Revenue of $803K, expenses of $835K, and assets of $367K (revenue +5.5% year-over-year).
- 2020: Revenue of $761K, expenses of $809K, and assets of $296K (revenue +3.3% year-over-year).
- 2019: Revenue of $736K, expenses of $707K, and assets of $227K (revenue -0.3% year-over-year).
- 2018: Revenue of $739K, expenses of $756K, and assets of $197K (revenue -7.3% year-over-year).
- 2017: Revenue of $797K, expenses of $799K, and assets of $182K (revenue -0.4% year-over-year).
- 2016: Revenue of $800K, expenses of $756K, and assets of $182K (revenue +9.0% year-over-year).
- 2015: Revenue of $734K, expenses of $761K, and assets of $160K (revenue -0.2% year-over-year).
- 2014: Revenue of $736K, expenses of $693K, and assets of $170K (revenue +29.9% year-over-year).
- 2013: Revenue of $566K, expenses of $608K, and assets of $146K (revenue -5.3% year-over-year).
- 2012: Revenue of $598K, expenses of $491K, and assets of $166K (revenue +41.4% year-over-year).
- 2011: Revenue of $423K, expenses of $374K, and assets of $97K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Crossroads Academy Inc:
Data Sources and Methodology
This transparency report for Crossroads Academy Inc 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.