Cypress Creek Fine Art Association

Analysis

Cypress Creek Fine Art Association is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2022, Cypress Creek Fine Art Association reported income of $603k and spending of $576k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $696k to $603k (-13%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cypress Creek Fine Art Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Historic Mitchelville Freedom Park Inc ($603k), Christian Youth Theater -- Northidaho ($604k) and Write on Door County Inc ($603k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 47% and program service revenue 13% of the total. Other salaries and wages came to $280k. At year end it held assets of $1.6m against liabilities of $33k, net assets of $1.6m. It reported 22 employees.