Can Foundation

Analysis

Can Foundation is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in July 2019, 7 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 (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, Can Foundation reported income of $268k and spending of $296k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $268k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Can Foundation 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 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include U I L Music Region 24 ($268k), Advocacy for Visual Arts ($269k) and Wickford Art Association ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $6,687 against liabilities of $0, net assets of $6,687.