Cby25 Initiative Inc

Analysis

Cby25 Initiative Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 2008, 18 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, Cby25 Initiative Inc reported income of $162k and spending of $169k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $207k to $162k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cby25 Initiative Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Richardson Community Center-Annie Mattox Park North Inc ($162k), Hutchinson Meals on Wheels Inc ($162k) and Seasons the Center of Caring ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $125k against liabilities of $122k, net assets of $3,310.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.