Cy-Fair Sports Association Inc

Analysis

Cy-Fair Sports Association Inc is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Cy-Fair Sports Association Inc reported income of $1.9m and spending of $2.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cy-Fair Sports Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Indian National Finals Rodeo ($1.9m), Rainbow Community Center of Contra Costa County ($1.9m) and Innercity Weightlifting Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 94% of the total. Other salaries and wages came to $177k. At year end it held assets of $6.0m against liabilities of $8,655, net assets of $6.0m. It reported 4 employees.