Canal Corridor Association

Analysis

Canal Corridor Association is a registered charity in United States, based in LA Salle, IL. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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, Canal Corridor Association reported income of $823k and spending of $711k, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $874k to $823k (-5.8%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canal Corridor Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Torrington Child Care Center Inc ($823k), Tu Casa Incorporated ($823k) and Team Summit Association Inc ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 20% of the total. Other salaries and wages came to $307k. At year end it held assets of $1.7m against liabilities of $889k, net assets of $808k.