Cypress Creek Foundation for the Arts and Community Enrichment

Analysis

Cypress Creek Foundation for the Arts and Community Enrichment is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Cypress Creek Foundation for the Arts and Community Enrichment reported income of $550k and spending of $591k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to July 2023, income grew from $523k to $550k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to July 2022, when income rose by 86%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cypress Creek Foundation for the Arts and Community Enrichment sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Class Act Productions ($550k), Music at Gretna Inc ($550k) and Longs Park Amphitheater Foundation ($549k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 30% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). Other salaries and wages came to $48k. At year end it held assets of $421k against liabilities of $131k, net assets of $290k. It reported 7 employees.