Cusp Foundation Inc

Analysis

Cusp Foundation Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Cusp Foundation Inc reported income of $368k and spending of $569k, spending 155% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $471k to $368k (-22%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cusp Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within TN. Charities of a similar size with the same main cause include Alliance Initiatives Fund Inc ($368k), Toy Box Connection NFP ($368k) and Eastern Shore of Virginia Community Foundation ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $310k against liabilities of $0, net assets of $310k.