Project Canvas

Analysis

Project Canvas is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Project Canvas reported income of $569k and spending of $738k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $569k (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 127% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Canvas sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Mentoring Positives Inc ($569k), Our Community Food Pantry Inc ($569k) and Chesterfield-Colonial Heights Christmas Mother Inc ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $242k. At year end it held assets of $877k against liabilities of $1.4m, net assets of -$507k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.