Gowanus Canal Conservancy Inc

Analysis

Gowanus Canal Conservancy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2008, 18 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 June 2023, Gowanus Canal Conservancy Inc reported income of $1.2m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.2m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 96% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Gowanus Canal Conservancy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Canary Media Inc ($1.2m), Howard Ecoworks Inc ($1.2m) and Kuaaina Ulu Auamo ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $83k (5.9% of expenses). Other salaries and wages came to $672k. At year end it held assets of $543k against liabilities of $300k, net assets of $242k. It reported 29 employees.