Canticle Farm Inc

Analysis

Canticle Farm Inc is a registered charity in United States, based in Allegany, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Canticle Farm Inc reported income of $227k and spending of $312k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $324k to $227k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canticle Farm Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Waves of Wilmington Inc ($227k), Beeville Vineyard Inc ($227k) and Elite Gymnastics Academy Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $49k (16% of expenses). Other salaries and wages came to $132k. At year end it held assets of $476k against liabilities of $81k, net assets of $396k. It reported 23 employees.