Cypress Adventures

Analysis

Cypress Adventures is a registered charity in United States, based in Hartsville, SC. It received its IRS tax-exemption ruling in June 2015, 11 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, Cypress Adventures reported income of $454k and spending of $278k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $454k (+93%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cypress Adventures sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include Momcology ($454k), Rathbun Lake Area YMCA ($454k) and Love N Groceries ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $49k (17% of expenses). Other salaries and wages came to $106k. At year end it held assets of $529k against liabilities of $12k, net assets of $517k. It reported 7 employees.