Canal Athletic Association Inc

Analysis

Canal Athletic Association Inc is a registered charity in United States, based in Bear, DE. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Canal Athletic Association Inc reported income of $180k and spending of $271k, spending 151% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $246k to $180k (-27%), an average of -27% a year. The sharpest change came in the year to September 2023, when income dropped by 27%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Canal Athletic Association Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 46th percentile within DE. Charities of a similar size with the same main cause include Mid States Hockey Development League ($180k), BC Winter Club Inc ($180k) and BMX of Blue Springs Inc ($180k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 47% of the total. At year end it held assets of $487k against liabilities of $38k, net assets of $450k.