Canyon Cove Seniors Inc

Analysis

Canyon Cove Seniors Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Canyon Cove Seniors Inc reported income of $290k and spending of $268k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $273k to $290k (+6.1%), an average of +1.5% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Canyon Cove Seniors Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within UT. Charities of a similar size with the same main cause include Reach Inc ($289k), Eliza Johnson Center for the Aging Inc ($290k) and C O a Housing Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $1.1m, net assets of $305k.