Cypher Spot Inc

Analysis

Cypher Spot Inc is a registered charity in United States, based in Hawthorne, CA. It received its IRS tax-exemption ruling in July 2021, 5 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, Cypher Spot Inc reported income of $97k and spending of $96k, spending 99% of its income. Across the 6 years on record, from December 2016 to December 2023, income grew from $32k to $97k (+206%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cypher Spot Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include North West Biblical Counseling Center ($97k), The Jesus Video Project of Alabama Inc ($97k) and Impact International Ministries Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.