Canaan Borders Riders Inc

Analysis

Canaan Borders Riders Inc is a registered charity in United States, based in Canaan, VT. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Canaan Borders Riders Inc reported income of $116k and spending of $122k, spending 105% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $163k to $116k (-29%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Canaan Borders Riders Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 31st percentile within VT. Charities of a similar size with the same main cause include Intermountain Volleyball Association ($116k), Wea Summer Recreation ($116k) and West Chester Baseball Partnership ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of -$6,075 against liabilities of $0, net assets of -$6,075.