Copper Cannon Corporation

Analysis

Copper Cannon Corporation is a registered charity in United States, based in Franconia, NH. It received its IRS tax-exemption ruling in November 1970, 56 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 September 2023, Copper Cannon Corporation reported income of $883k and spending of $456k, leaving 48% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $582k to $883k (+52%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 61% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Copper Cannon Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within NH. Charities of a similar size with the same main cause include Devils Lake Youth Activities Association ($883k), Eastshore Alliance Futbol Club Inc ($884k) and South Hills Amateur Hockey Assoc ($883k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $85k (19% of expenses). Other salaries and wages came to $138k. At year end it held assets of $3.6m against liabilities of $44k, net assets of $3.6m. It reported 22 employees.