Cymaspace

Analysis

Cymaspace is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cymaspace reported income of $542k and spending of $348k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $147k to $542k (+269%), an average of +269% a year. The sharpest change came in the year to December 2023, when income rose by 269%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cymaspace sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OR. Charities of a similar size with the same main cause include Bulgarian-Macedonian National Educational and Cultural Centr Inc ($542k), Literary Club ($542k) and Design Museum Foundation Inc ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. At year end it held assets of $271k against liabilities of $205, net assets of $271k.