The Cypress Initiative Inc

Analysis

The Cypress Initiative Inc is a registered charity in United States, based in Brandon, FL. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, The Cypress Initiative Inc reported income of $894k and spending of $924k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $479k to $894k (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Cypress Initiative Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Collegian Inc ($894k), New England Morgan Horse Association Inc ($894k) and I Have a Dream Foundation of Miami Inc ($894k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $114k (12% of expenses). Other salaries and wages came to $407k. At year end it held assets of $233k against liabilities of $181k, net assets of $52k. It reported 9 employees.