Cup Inc

Analysis

Cup Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Cup Inc reported income of $865k and spending of $390k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $404k to $865k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 35% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cup Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Needham Fire Rescue Company ($865k), Grand Junction Economic Partnership Inc ($865k) and Refraction Inc ($865k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 10% of the total. Other salaries and wages came to $168k. At year end it held assets of $826k against liabilities of $3,906, net assets of $822k. It reported 47 employees.