Canton I Inc

Analysis

Canton I Inc is a registered charity in United States, based in Lakeway, TX. It received its IRS tax-exemption ruling in October 2000, 26 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 (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, Canton I Inc reported income of $861k and spending of $196k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $861k (+344%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 15019%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Canton I Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($861k), Millbrook Homes Inc ($862k) and Plaza View Inc ($861k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $21k. At year end it held assets of $3.3m against liabilities of $847, net assets of $3.3m. It reported 1 employees.