Cys Place

Analysis

Cys Place is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cys Place reported income of $50k and spending of $19k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $78k to $50k (-36%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cys Place sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Friends of Va Beach Juvenile and Domestic Relations Dist Court Inc ($50k), Haiti Outreach Ministries Inc ($50k) and Express Care Inc ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 3.5% of the total. At year end it held assets of $885k against liabilities of $4,789, net assets of $881k.