Cypress College Foundation Inc

Analysis

Cypress College Foundation Inc is a registered charity in United States, based in Cypress, CA. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cypress College Foundation Inc reported income of $1.1m and spending of $970k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cypress College Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Lynchburg Beacon of Hope ($1.1m), Spokane Hearing Oral Program of Excellence Hope ($1.1m) and Mountain Sun Community School ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $271k. At year end it held assets of $4.3m against liabilities of $388k, net assets of $3.9m.