Canvas Foundation

Analysis

Canvas Foundation is a registered charity in United States, based in Lone Tree, CO. It received its IRS tax-exemption ruling in March 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Canvas Foundation reported income of $226k and spending of $189k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $229k to $226k (-1.1%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Canvas Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Bon Shen Ling-The Tibetan Bon Education Fund ($226k), Child Aid International Inc ($227k) and T Birds with a Purpose Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $393k against liabilities of $16k, net assets of $377k.