Cannon Beach Conference Center

Analysis

Cannon Beach Conference Center is a registered charity in United States, based in Cannon Beach, OR. It received its IRS tax-exemption ruling in October 1946, 80 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 December 2023, Cannon Beach Conference Center reported income of $4.8m and spending of $4.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $4.8m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cannon Beach Conference Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OR. Charities of a similar size with the same main cause include El Puente de Williamsburg Inc ($4.8m), Council on Quality & Leadership in Supports for People with Disabilit ($4.8m) and Rubicon Insurance Company ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $127k (3.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $16.1m against liabilities of $1.5m, net assets of $14.6m. It reported 146 employees.