Canaan Community Gospel Center

Analysis

Canaan Community Gospel Center is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Canaan Community Gospel Center reported income of $279k and spending of $278k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $305k to $279k (-8.5%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Canaan Community Gospel Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within HI. Charities of a similar size with the same main cause include Somali Cultural Institute ($279k), Sanatan Hindu Sanskar Kendra ($279k) and Be the Edge Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $0 against liabilities of $0, net assets of $0.