Cana Academy

Analysis

Cana Academy is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Cana Academy reported income of $443k and spending of $526k, spending 119% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income grew from $376k to $443k (+18%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cana Academy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Kinderhook Memorial Library ($443k), TPS Foundation Inc ($443k) and Books in Homes USA Inc ($443k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $176k (34% of expenses). Other salaries and wages came to $196k. At year end it held assets of $80k against liabilities of $0, net assets of $80k. It reported 5 employees.