Cannon County Save

Analysis

Cannon County Save is a registered charity in United States, based in Woodbury, TN. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cannon County Save reported income of $312k and spending of $294k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $257k to $312k (+21%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cannon County Save sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Arc of West Central Co ($312k), Children of Faith Missions ($312k) and Project Road Warrior Foundation Inc ($312k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $99k (34% of expenses). Other salaries and wages came to $122k. At year end it held assets of $349k against liabilities of $1,484, net assets of $348k.