Canvasback Missions Inc

Analysis

Canvasback Missions Inc is a registered charity in United States, based in Benicia, CA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Canvasback Missions Inc reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $4.5m to $2.2m (-51%), an average of -21% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Canvasback Missions Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Columbus Family Y Inc ($2.2m), Lakewood Development Corporation ($2.2m) and Hispanic Resource Center of Larchmont Mamaroneck Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $265k. At year end it held assets of $337k against liabilities of $11k, net assets of $325k. It reported 11 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.