Land of Canaan Foundation Inc

Analysis

Land of Canaan Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Land of Canaan Foundation Inc reported income of $54k and spending of $85k, spending 157% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $54k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Land of Canaan Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within WI. Charities of a similar size with the same main cause include Virginia Episcopal Real Estate Partners Inc ($54k), National Charity League-Pleasanton Chapter ($54k) and Deborah Salem Foundation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $339, net assets of $53k.