Cyversity Inc

Analysis

Cyversity Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in July 2014, 12 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, Cyversity Inc reported income of $584k and spending of $994k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $584k (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cyversity Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Heavy Metal Summer Experience ($584k), Leadership Alive Inc ($584k) and St Pauls Cooperative Nursery School ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $261k against liabilities of $81k, net assets of $180k.