Canticle Inc

Analysis

Canticle Inc is a registered charity in United States, based in Spring Valley, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Canticle Inc reported income of $270k and spending of $227k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $104k to $270k (+161%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Canticle Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Barkaat-Ul-Quran Center ($270k), Mount Calvary Holy Church Inc ($270k) and Cottrell Ministries ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $65k (28% of expenses). Other salaries and wages came to $45k. At year end it held assets of $88k against liabilities of $0, net assets of $88k.