Canopy International Inc

Analysis

Canopy International Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Canopy International Inc reported income of $233k and spending of $848k, spending 364% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $359k to $233k (-35%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 121% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Canopy International Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Sewing Hope Foundation ($233k), Deep Springs International ($233k) and Friends of Accion Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (13% of expenses). At year end it held assets of $424k against liabilities of $11k, net assets of $413k. It reported 2 employees.