Canaan Foundation

Analysis

Canaan Foundation is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Canaan Foundation reported income of $91k and spending of $121k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $364k to $91k (-75%), an average of -75% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 36% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Canaan Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within MT. Charities of a similar size with the same main cause include Energes Mission International Inc ($91k), Christian Mission to Youth of New Mexico Inc ($92k) and Carribbean Lifetime Missions ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $293k against liabilities of $0, net assets of $293k.