Canton Academic Foundation Inc

Analysis

Canton Academic Foundation Inc is a registered charity in United States, based in Canton, MS. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Canton Academic Foundation Inc reported income of $3.4m and spending of $2.9m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.6m to $3.4m (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Canton Academic Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include New Jersey State Youth Soccer Association ($3.4m), Ohio Valley Region Inc ($3.4m) and Breckenridge Outdoor Education Center ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $3.2m against liabilities of $1.2m, net assets of $2.0m. It reported 105 employees.