Canyon Ministries

Analysis

Canyon Ministries is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Canyon Ministries reported income of $679k and spending of $691k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $517k to $679k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Canyon Ministries sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Tikvat Am Yisrael Inc ($679k), Life House Church ($679k) and Andres Bisonni Ministries Inc ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $86k (13% of expenses). Other salaries and wages came to $240k. At year end it held assets of $305k against liabilities of -$12, net assets of $305k. It reported 2 employees.