Canopy of Neighbors Inc

Analysis

Canopy of Neighbors Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Canopy of Neighbors Inc reported income of $144k and spending of $161k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $212k to $144k (-32%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Canopy of Neighbors Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Vines Foundation ($144k), Blue Ridge Community Farm ($144k) and San Antonio Coalition for Life ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $99k against liabilities of $1,283, net assets of $98k.