Canopy Life International Inc

Analysis

Canopy Life International Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Life International Inc reported income of $1.9m and spending of $1.0m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $742k to $1.9m (+149%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canopy Life International Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Compass Classical Academy ($1.9m), New Heights Schools Inc ($1.9m) and America Evangelical University ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $83k (8.3% of expenses). Other salaries and wages came to $185k. It paid $46k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $15k, net assets of $2.0m. It reported 4 employees.