Candorful Inc

Analysis

Candorful Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Candorful Inc reported income of $269k and spending of $210k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $75k to $269k (+257%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Candorful Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within NH. Charities of a similar size with the same main cause include Friends of River Valley ($269k), Pennsylvania State Association of County Fairs ($269k) and Placement Solutions Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $100k (48% of expenses). Other salaries and wages came to $47k. At year end it held assets of $260k against liabilities of $67, net assets of $260k. It reported 2 employees.