Canary Fund

Analysis

Canary Fund is a registered charity in United States, based in Woodside, CA. It received its IRS tax-exemption ruling in June 2005, 21 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 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, Canary Fund reported income of $1.9m and spending of $1.4m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $1.9m (-68%), an average of -25% a year. The sharpest change came in the year to December 2022, when income rose by 275%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Canary Fund sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include New England Hemophilia Association Inc ($1.9m), Community Foundation of the Brazos Valley ($1.9m) and Annika Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $153k. At year end it held assets of $1.7m against liabilities of $24k, net assets of $1.7m. It reported 3 employees.