Canopy Scholars

Analysis

Canopy Scholars is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Canopy Scholars reported income of $140k and spending of $187k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $140k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Canopy Scholars sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within WA. Charities of a similar size with the same main cause include Henrietta Fire Company No 1 Inc ($140k), Abbeville Area Medical Center Foundation ($140k) and Annual SC Hiv-Std Conference ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $75k (40% of expenses). Other salaries and wages came to $38k. At year end it held assets of $3,148 against liabilities of $17k, net assets of -$14k. It reported 4 employees.