Cypress Foundation Inc
Cypress Foundation Inc. faces significant financial challenges with consistent operating deficits and a sharp decline in assets over the past decade.
EIN: 133667026 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $929K |
| Program Spending | 70% |
| Net Assets | $665K |
| Transparency Score | 45/100 |
Is Cypress Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cypress Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cypress Foundation Inc
Cypress Foundation Inc (EIN: 133667026) is a nonprofit organization based in New York, NY. The organization reported total revenue of $5.0M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cypress Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cypress Foundation Inc is a mid-size nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $320K |
| Total Expenses | $929K |
| Surplus / Deficit | $-609,135 |
| Total Assets | $665K |
| Total Liabilities | $1 |
| Net Assets | $665K |
| Operating Margin | -190.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2023, Cypress Foundation Inc reported a deficit of $609K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cypress Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.2% | -71.1% | -47.8% |
| 2022 | +94.0% | +18.3% | -28.1% |
| 2021 | +165.2% | +39.1% | -42.6% |
| 2020 | -45.9% | +15.8% | -31.6% |
| 2019 | +224.7% | +5.4% | -15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cypress Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Cypress Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $609K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a positive sign for resource allocation relative to the organization's size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cypress Foundation Inc's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue (e.g., 2023: $929,397 expenses vs. $320,262 revenue).
- Significant decline in assets: Assets decreased from $6,761,362 in 2012 to $665,247 in 2023.
- Lack of detailed spending breakdown in provided data, hindering efficiency analysis.
- Unexplained large discrepancy between 'Latest Revenue' and recent annual filing revenues.
Strengths
The following positive indicators were identified for Cypress Foundation Inc:
- Zero officer compensation reported across all filings, indicating good stewardship in executive pay.
- Low liabilities reported ($0 or $1 across all filings), suggesting minimal debt burden.
Frequently Asked Questions about Cypress Foundation Inc
Is Cypress Foundation Inc a legitimate charity?
Cypress Foundation Inc (EIN: 133667026) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.0M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Cypress Foundation Inc spend its money?
Cypress Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Cypress Foundation Inc tax-deductible?
Cypress Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133667026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cypress Foundation Inc's spending goes to programs?
Cypress Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Cypress Foundation Inc located?
Cypress Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133667026.
How many years of IRS 990 filings does Cypress Foundation Inc have?
Cypress Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.0M in total revenue.
Is Cypress Foundation Inc. financially sustainable?
Based on the provided data, the organization has consistently spent more than its revenue in recent years, leading to a significant decline in assets from $6,761,362 in 2012 to $665,247 in 2023. This trend suggests a lack of financial sustainability without a significant change in operations or funding.
What caused the sharp decline in assets?
The decline in assets appears to be primarily driven by consistent operating deficits, where annual expenses have exceeded annual revenues for many years. For example, in 2023, expenses were $929,397 while revenue was only $320,262.
How does the latest revenue figure of $5,011,998 relate to the filing history?
The latest revenue figure of $5,011,998 is significantly higher than the revenues reported in the annual filings for 2019-2023, which ranged from $320,262 to $2,718,100. This discrepancy suggests either a very recent, substantial increase in funding not yet reflected in the latest annual filing period (202312) or a one-time event.
Filing History
IRS 990 filing history for Cypress Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cypress Foundation Inc's revenue has declined by 71.3%, moving from $1.1M to $320K. Total assets decreased by 76% over the same period, from $2.8M to $665K. Total functional expenses rose by 47.8%, from $629K to $929K. In its most recent filing year (2023), Cypress Foundation Inc reported a deficit of $609K, with expenses exceeding revenue. The organization holds $1 in liabilities against $665K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $665K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $320K | $929K | $665K | $1 | — | — |
| 2022 | $2.7M | $3.2M | $1.3M | $1 | — | View 990 |
| 2021 | $1.4M | $2.7M | $1.8M | $1 | — | View 990 |
| 2020 | $528K | $2.0M | $3.1M | $1 | — | — |
| 2019 | $977K | $1.7M | $4.5M | $1 | — | — |
| 2015 | $301K | $1.6M | $5.3M | $1 | — | View 990 |
| 2014 | $1.7M | $1.7M | $6.6M | $0 | — | View 990 |
| 2013 | $342K | $514K | $6.6M | $0 | — | View 990 |
| 2012 | $4.3M | $322K | $6.8M | $0 | — | View 990 |
| 2011 | $1.1M | $629K | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $320K, expenses of $929K, and assets of $665K (revenue -88.2% year-over-year).
- 2022: Revenue of $2.7M, expenses of $3.2M, and assets of $1.3M (revenue +94.0% year-over-year).
- 2021: Revenue of $1.4M, expenses of $2.7M, and assets of $1.8M (revenue +165.2% year-over-year).
- 2020: Revenue of $528K, expenses of $2.0M, and assets of $3.1M (revenue -45.9% year-over-year).
- 2019: Revenue of $977K, expenses of $1.7M, and assets of $4.5M (revenue +224.7% year-over-year).
- 2015: Revenue of $301K, expenses of $1.6M, and assets of $5.3M (revenue -82.7% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $6.6M (revenue +410.5% year-over-year).
- 2013: Revenue of $342K, expenses of $514K, and assets of $6.6M (revenue -92.1% year-over-year).
- 2012: Revenue of $4.3M, expenses of $322K, and assets of $6.8M (revenue +285.8% year-over-year).
- 2011: Revenue of $1.1M, expenses of $629K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cypress Foundation Inc:
Data Sources and Methodology
This transparency report for Cypress Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.