Canopy Studio Inc

Analysis

Canopy Studio Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Canopy Studio Inc reported income of $624k and spending of $533k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $557k to $624k (+12%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Canopy Studio Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Ballet Vero Beach Inc ($624k), The Wilmington Symphony Orchestra Inc ($624k) and After School Arts Program Inc ($624k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $320k. At year end it held assets of $731k against liabilities of $8,680, net assets of $723k. It reported 46 employees.