Cypress Of Raleigh Club Inc
Cypress Of Raleigh Club Inc shows strong revenue growth and generally positive operating margins, with no reported officer compensation.
EIN: 202818389 · Raleigh, NC · NTEE: N99 · Updated: 2026-03-28
Is Cypress Of Raleigh Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cypress Of Raleigh Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cypress Of Raleigh Club Inc
Cypress Of Raleigh Club Inc (EIN: 202818389) is a nonprofit organization based in Raleigh, NC, classified under NTEE code N99. The organization reported total revenue of $27.7M and total assets of $10.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cypress Of Raleigh Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cypress Of Raleigh Club Inc is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.1M |
| Total Expenses | $21.6M |
| Surplus / Deficit | +$3.5M |
| Total Assets | $9.5M |
| Total Liabilities | $2.1M |
| Net Assets | $7.5M |
| Operating Margin | 13.9% |
| Debt-to-Asset Ratio | 21.6% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Cypress Of Raleigh Club Inc reported a surplus of $3.5M with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 21.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cypress Of Raleigh Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.2% | +7.2% | +65.0% |
| 2022 | +9.3% | +13.8% | -33.1% |
| 2021 | +2.9% | +15.4% | -14.9% |
| 2020 | +17.7% | +7.5% | -37.5% |
| 2019 | -21.8% | +13.8% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2008 |
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 Of Raleigh Club Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cypress Of Raleigh Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with revenues exceeding $25 million. This suggests either a volunteer leadership structure, or that executive compensation is categorized differently and not disclosed in the 'Officer Comp' section of the 990, which could impact transparency.
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 Of Raleigh Club Inc's IRS 990 filings:
- Consistent 0% officer compensation reported for an organization of this size, which may indicate compensation is reported elsewhere or a lack of transparency in this specific field.
- Significant fluctuations in assets without clear explanation in the provided data, suggesting potential large-scale investments or divestments that could impact financial stability.
Strengths
The following positive indicators were identified for Cypress Of Raleigh Club Inc:
- Strong and consistent revenue growth, increasing from $10.1 million in 2014 to $25.1 million in 2023.
- Generally positive operating margins, with revenue often exceeding expenses, indicating financial sustainability.
- Low liabilities relative to assets in most years, suggesting a healthy balance sheet (e.g., 2023 liabilities of $2,058,277 against assets of $9,521,736).
Frequently Asked Questions about Cypress Of Raleigh Club Inc
Is Cypress Of Raleigh Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cypress Of Raleigh Club Inc (EIN: 202818389) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Cypress Of Raleigh Club Inc spend its money?
Cypress Of Raleigh Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cypress Of Raleigh Club Inc tax-deductible?
Cypress Of Raleigh Club Inc is registered as a tax-exempt nonprofit (EIN: 202818389). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cypress Of Raleigh Club Inc a good charity?
Based on the available data, the organization demonstrates strong financial health with consistent revenue growth and generally positive operating margins. The reported 0% officer compensation is a notable point for transparency, though it warrants further inquiry into how leadership is compensated, if at all. The NTEE code N99 is a general category, so understanding the specific programs and their impact would be crucial for a full assessment.
How does Cypress Of Raleigh Club Inc manage its assets?
The organization's assets have fluctuated significantly, from $3,327,103 in 2014 to a high of $16,232,609 in 2019, and then to $9,521,736 in 2023. This volatility suggests active management, potentially involving real estate or other significant investments, which would be worth exploring further to understand their long-term financial strategy.
What caused the deficit in 2022?
In 2022, Cypress Of Raleigh Club Inc reported expenses of $20,168,450 against revenues of $19,452,580, resulting in a deficit. Without detailed expense breakdowns, it's difficult to pinpoint the exact cause, but it could be due to increased program costs, administrative overhead, or one-time expenditures.
Filing History
IRS 990 filing history for Cypress Of Raleigh Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cypress Of Raleigh Club Inc's revenue has grown by 167.3%, moving from $9.4M to $25.1M. Total assets increased by 207.4% over the same period, from $3.1M to $9.5M. Total functional expenses rose by 145.6%, from $8.8M to $21.6M. In its most recent filing year (2023), Cypress Of Raleigh Club Inc reported a surplus of $3.5M, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $9.5M in assets (debt-to-asset ratio: 21.6%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.1M | $21.6M | $9.5M | $2.1M | — | View 990 |
| 2022 | $19.5M | $20.2M | $5.8M | $2.6M | — | View 990 |
| 2021 | $17.8M | $17.7M | $8.6M | $1.9M | — | View 990 |
| 2020 | $17.3M | $15.4M | $10.1M | $2.3M | — | — |
| 2019 | $14.7M | $14.3M | $16.2M | $1.9M | — | View 990 |
| 2018 | $18.8M | $12.6M | $15.6M | $1.8M | — | View 990 |
| 2017 | $11.5M | $11.1M | $9.5M | $1.4M | — | View 990 |
| 2016 | $10.2M | $10.5M | $9.1M | $1.3M | — | View 990 |
| 2015 | $10.7M | $10.2M | $8.6M | $831K | — | View 990 |
| 2014 | $10.1M | $10.0M | $3.3M | $713K | — | View 990 |
| 2013 | $10.1M | $9.9M | $3.6M | $897K | — | View 990 |
| 2012 | $9.9M | $9.3M | $3.5M | $1.5M | — | View 990 |
| 2011 | $9.4M | $8.8M | $3.1M | $798K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.1M, expenses of $21.6M, and assets of $9.5M (revenue +29.2% year-over-year).
- 2022: Revenue of $19.5M, expenses of $20.2M, and assets of $5.8M (revenue +9.3% year-over-year).
- 2021: Revenue of $17.8M, expenses of $17.7M, and assets of $8.6M (revenue +2.9% year-over-year).
- 2020: Revenue of $17.3M, expenses of $15.4M, and assets of $10.1M (revenue +17.7% year-over-year).
- 2019: Revenue of $14.7M, expenses of $14.3M, and assets of $16.2M (revenue -21.8% year-over-year).
- 2018: Revenue of $18.8M, expenses of $12.6M, and assets of $15.6M (revenue +63.6% year-over-year).
- 2017: Revenue of $11.5M, expenses of $11.1M, and assets of $9.5M (revenue +12.1% year-over-year).
- 2016: Revenue of $10.2M, expenses of $10.5M, and assets of $9.1M (revenue -4.2% year-over-year).
- 2015: Revenue of $10.7M, expenses of $10.2M, and assets of $8.6M (revenue +5.4% year-over-year).
- 2014: Revenue of $10.1M, expenses of $10.0M, and assets of $3.3M (revenue +0.9% year-over-year).
- 2013: Revenue of $10.1M, expenses of $9.9M, and assets of $3.6M (revenue +1.4% year-over-year).
- 2012: Revenue of $9.9M, expenses of $9.3M, and assets of $3.5M (revenue +5.4% year-over-year).
- 2011: Revenue of $9.4M, expenses of $8.8M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cypress Of Raleigh Club Inc:
Data Sources and Methodology
This transparency report for Cypress Of Raleigh Club 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.