Canton Community Foundation Inc

Analysis

Canton Community Foundation Inc is a registered charity in United States, based in Canton, MI. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Canton Community Foundation Inc reported income of $1.7m and spending of $1.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.7m (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2020, when income dropped by 64%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canton Community Foundation 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 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Prepass Government Solutions Inc ($1.7m), Claxton-Hepburn Medical Center Foundation ($1.7m) and Flemister Housing Development Fund Corporation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $100k (5.5% of expenses). Other salaries and wages came to $28k. At year end it held assets of $5.5m against liabilities of $194k, net assets of $5.3m. It reported 3 employees.