Canopy Canopy Canopy Inc

Analysis

Canopy Canopy Canopy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Canopy Canopy Canopy Inc reported income of $798k and spending of $816k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $798k (-48%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 49%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Canopy Canopy Canopy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Reloop Americas Research Institute ($798k), Theatre Art Galleries ($798k) and North Carolina Council on Economic Education ($798k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $68k (8.3% of expenses). Other salaries and wages came to $347k. At year end it held assets of $535k against liabilities of $76k, net assets of $460k. It reported 10 employees.

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.