Cypress Grove Academy

Analysis

Cypress Grove Academy is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cypress Grove Academy reported income of $306k and spending of $314k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $66k to $306k (+361%), an average of +361% a year. The sharpest change came in the year to June 2023, when income rose by 361%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cypress Grove Academy sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within AL. Charities of a similar size with the same main cause include 1791 Delegates ($306k), Learning Tree Christian School ($306k) and Zachary Plantz Foundation ($306k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $6,350 (2.0% of expenses). Other salaries and wages came to $238k. At year end it held assets of $37k against liabilities of $12k, net assets of $25k. It reported 23 employees.