Canon Literacy Center Inc

Analysis

Canon Literacy Center Inc is a registered charity in United States, based in Canon City, CO. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Canon Literacy Center Inc reported income of $88k and spending of $75k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $88k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canon Literacy Center Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within CO. Charities of a similar size with the same main cause include Men Making Moves Scholarship Foundation ($88k), Emerald Hill Elementary Parent Teacher Organization ($88k) and Goalkeepers Club Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $153k against liabilities of $1,511, net assets of $152k.