Joseph Cannon Christmas TR Uw

Analysis

Joseph Cannon Christmas TR Uw is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joseph Cannon Christmas TR Uw reported income of $2.3m and spending of $1.4m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $2.3m (+1508%), an average of +100% a year. The sharpest change came in the year to December 2020, when income rose by 631%. Over the whole period it spent 122% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joseph Cannon Christmas TR Uw sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Peacehealth St John Medical Center Foundation ($2.3m), Chicago United Inc ($2.3m) and Melvin S Cohen Trust Fbo Minneapolis Fed for Jewish Service ($2.3m).

At year end it held assets of $14.9m against liabilities of $0, net assets of $14.9m.