Canopy Young Adult Community House

Analysis

Canopy Young Adult Community House is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Canopy Young Adult Community House reported income of $281k and spending of $165k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $281k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Canopy Young Adult Community House sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include Monthly Miracles ($281k), Community Kitchens of Birmingham ($281k) and Assistance League of San Mateo County ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $324k against liabilities of $0, net assets of $324k. It reported 2 employees.