Canary Media Inc

Analysis

Canary Media Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Canary Media Inc reported income of $1.2m and spending of $2.8m, spending 229% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $435k to $1.2m (+184%), an average of +68% a year. The sharpest change came in the year to June 2022, when income rose by 241%. Over the whole period it spent 191% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Canary Media Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Kuaaina Ulu Auamo ($1.2m), Gowanus Canal Conservancy Inc ($1.2m) and Riversedge West ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $350k (12% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $705k against liabilities of $3.6m, net assets of -$2.9m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.