Canal District Alliance Inc

Analysis

Canal District Alliance Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Canal District Alliance Inc reported income of $96k and spending of $15k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $8,844 to $96k (+983%), an average of +983% a year. The sharpest change came in the year to December 2023, when income rose by 983%. Over the whole period it spent 30% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Canal District Alliance Inc 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 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Tar-Pamlico Basin Association Inc ($96k), Project Cornerstone Inc ($96k) and Aurora Lights ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.