50can Inc

Analysis

50can Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2011, 15 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, 50can Inc reported income of $80.6m and spending of $74.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.5m to $80.6m (+421%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 152%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 50can Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within DC. Charities of a similar size with the same main cause include Emory & Henry University ($80.3m), Loomis Institute ($80.7m) and John Brown University ($80.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $917k (1.2% of expenses). Other salaries and wages came to $5.7m. It paid $8,529 in professional fundraising fees. At year end it held assets of $19.9m against liabilities of $1.9m, net assets of $18.0m. It reported 66 employees.