Friends of Canby Adult Center Incorporated

Analysis

Friends of Canby Adult Center Incorporated is a registered charity in United States, based in Canby, OR. It received its IRS tax-exemption ruling in September 1987, 39 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, Friends of Canby Adult Center Incorporated reported income of $566k and spending of $910k, spending 161% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $566k (-47%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 56%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Canby Adult Center Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OR. Charities of a similar size with the same main cause include Habitat for Humanity ($566k), Emergency Care Help Organization ($566k) and Veterans for Peace Inc ($566k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $99k (11% of expenses). Other salaries and wages came to $393k. At year end it held assets of $7.8m against liabilities of $69k, net assets of $7.7m. It reported 23 employees.