Canticum Novum

Analysis

Canticum Novum is a registered charity in United States, based in Scotts Valley, CA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Canticum Novum reported income of $195k and spending of $213k, spending 109% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $191k to $195k (+2.4%), an average of +2.4% a year. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Canticum Novum sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Building Men Program Inc ($195k), Hope Outreach Ministries for Every- 1 ($195k) and Heritage Figure Skating Club ($195k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.