Canton College Foundation Inc

Analysis

Canton College Foundation Inc is a registered charity in United States, based in Canton, NY. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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 June 2024, Canton College Foundation Inc reported income of $5.8m and spending of $4.4m, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.8m to $5.8m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income dropped by 30%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canton College Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Community Memorial Healthcenter Association ($5.8m), San Francisco Conservation Corps ($5.8m) and National Health Council Inc ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 54% of the total. Other salaries and wages came to $749k. At year end it held assets of $43.7m against liabilities of $22.1m, net assets of $21.7m. It reported 35 employees.