Candid

Analysis

Candid is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1957, 69 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Candid reported income of $43.2m and spending of $36.0m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $49.1m to $43.2m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Candid sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Nebraska Children and Families Foundation ($42.9m), The Greater New Orleans Foundation ($43.2m) and Rochester Area Community Foundation ($42.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.4m (3.8% of expenses). Other salaries and wages came to $15.1m. At year end it held assets of $100.2m against liabilities of $30.6m, net assets of $69.6m. It reported 230 employees.