Cyrus Ministries

Analysis

Cyrus Ministries is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cyrus Ministries reported income of $226k and spending of $167k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $715k to $226k (-68%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 273%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cyrus Ministries sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Waymaker International Ministries ($226k), Salt & Light Partners ($226k) and Agape Love Ministries ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.