Canopy

Analysis

Canopy is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2023, Canopy reported income of $1.6m and spending of $1.8m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.6m (+45%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Canopy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include 7 Lakes Alliance ($1.6m), Growing Gardens ($1.6m) and Great Swamp Watershed Association ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $146k (8.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.0m against liabilities of $86k, net assets of $940k. It reported 45 employees.