Cypress Project Inc

Analysis

Cypress Project Inc is a registered charity in United States, based in Duncan, SC. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Project Inc reported income of $137k and spending of $141k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $101k to $137k (+37%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cypress Project Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 51st percentile within SC. Charities of a similar size with the same main cause include Revelation Perfect Love Center Inc ($137k), Fathers Love Ministry ($137k) and Olive Tree Ministry ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.