Canaan Baptist Housing Corporation

Analysis

Canaan Baptist Housing Corporation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 December 2023, Canaan Baptist Housing Corporation reported income of $584k and spending of $102k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10k to $584k (+5703%), an average of +176% a year. The sharpest change came in the year to December 2021, when income rose by 224656%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canaan Baptist Housing Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Nasf Foundation ($584k), Ke Kula O Piilani ($584k) and Bellingham Symphony Orchestra ($584k).

At year end it held assets of $1.9m against liabilities of $16k, net assets of $1.9m.