Canal Park Inc

Analysis

Canal Park Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2020, 6 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, Canal Park Inc reported income of $447k and spending of $1.8m, spending 393% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $458k to $447k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to September 2022, when income rose by 249%. Over the whole period it spent 430% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Canal Park Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 41st percentile within DC. Charities of a similar size with the same main cause include Black River Center for Learning ($447k), Little East Conference ($447k) and Enka Youth Sports Organization Inc ($446k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.6m against liabilities of $22k, net assets of $10.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.