Canterbury Methodist Foundation

Analysis

Canterbury Methodist Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in June 1992, 34 years ago. 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, Canterbury Methodist Foundation reported income of $4.9m and spending of $2.7m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $4.9m (+251%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 186%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canterbury Methodist Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within AL. Charities of a similar size with the same main cause include Veterans Outreach Center Inc ($4.9m), Institute for Citizen Focused Services ($4.9m) and Inter-Cooperative Council at the University of Michigan ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $13.4m against liabilities of $0, net assets of $13.4m.