Canfield Band Parents Inc

Analysis

Canfield Band Parents Inc is a registered charity in United States, based in Canfield, OH. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Canfield Band Parents Inc reported income of $75k and spending of $84k, spending 112% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $94k to $75k (-19%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canfield Band Parents Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Circle of Friends of Washington DC ($75k), Unicare Medical Solutions Inc ($75k) and Public Higher Education Network of Massachusetts ($75k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 23% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.