Cypress Place Inc

Analysis

Cypress Place Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Place Inc reported income of $1.4m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.4m (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cypress Place Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Temple Academy ($1.4m), Ascension Classical School ($1.4m) and Habitat for Humanity International Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $955k. At year end it held assets of $49k against liabilities of $0, net assets of $49k. It reported 35 employees.