Canvas Institute

Analysis

Canvas Institute is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Institute reported income of $245k and spending of $203k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $245k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Canvas Institute sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include The Paper Bag Players Inc ($245k), Art of the Lakes Association Inc ($245k) and Pasadena Civic Ballet Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (27% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.