Canal Society of New York State Inc

Analysis

Canal Society of New York State Inc is a registered charity in United States, based in Manlius, NY. It received its IRS tax-exemption ruling in May 1999, 27 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 (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, Canal Society of New York State Inc reported income of $369k and spending of $291k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $369k (+142%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 88%. 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, Canal Society of New York State Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Cache Corporation ($369k), Studio 23 ($369k) and Take Me to the River Education Initiative ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 5.3% of the total. Other salaries and wages came to $97k. At year end it held assets of $1.1m against liabilities of $57k, net assets of $1.0m. It reported 9 employees.