Candelen

Analysis

Candelen is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 1977, 49 years ago. 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 June 2023, Candelen reported income of $12.6m and spending of $12.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $9.6m to $12.6m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 161%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Candelen 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 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include Benchmark School ($12.6m), Chi Omega Foundation ($12.6m) and Elderhaus Incorporated ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $244k (2.0% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $11.2m against liabilities of $2.7m, net assets of $8.5m. It reported 130 employees.