Friends of the Hennepin Canal

Analysis

Friends of the Hennepin Canal is a registered charity in United States, based in Ladd, IL. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Friends of the Hennepin Canal reported income of $168k and spending of $40k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $273k to $168k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 46% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Hennepin Canal sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Grace Harbor Ministries Inc ($168k), Professional Training Association ($169k) and Blue River Watershed Group ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $288k against liabilities of $0, net assets of $288k.