Canvas U S

Analysis

Canvas U S is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2015, 11 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, Canvas U S reported income of $215k and spending of $227k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $223k to $215k (-3.5%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Canvas U S sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Yeshiva Yismach Moshe ($215k), Swisscontact North America Inc ($215k) and Mayflower Medical Outreach Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $172k (76% of expenses). At year end it held assets of $26k against liabilities of $165, net assets of $26k. It reported 3 employees.