American Canoe Association

Analysis

American Canoe Association is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, American Canoe Association reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, American Canoe Association sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Town and Country Optimist Foundation ($2.1m), Arizona Recreational Sports ($2.1m) and Okemo Tutorial Program Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $116k (5.5% of expenses). Other salaries and wages came to $453k. At year end it held assets of $3.2m against liabilities of $217k, net assets of $3.0m. It reported 21 employees.