Cy-Fair Educational Foundation

Analysis

Cy-Fair Educational Foundation is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in September 1970, 56 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 June 2023, Cy-Fair Educational Foundation reported income of $3.0m and spending of $1.3m, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.0m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 115%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cy-Fair Educational Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Calvin Christian School Society at South Holland Ill ($3.0m), Support for Catholic Schools Inc ($3.0m) and Prince William Academy Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% of the total. Compensation of current officers, directors and key employees was $54k (4.3% of expenses). At year end it held assets of $16.5m against liabilities of $1.4m, net assets of $15.1m. It reported 4 employees.