Canine Companions for Independence

Analysis

Canine Companions for Independence is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in February 1979, 47 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, Canine Companions for Independence reported income of $50.3m and spending of $36.9m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.1m to $50.3m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Canine Companions for Independence sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Tampa Metropolitan Area Young Mens Christian Association Inc ($50.3m), Northwest Center Services ($50.3m) and East Bay Community Action Program ($50.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $1.9m (5.2% of expenses). Other salaries and wages came to $17.0m. At year end it held assets of $188.7m against liabilities of $5.3m, net assets of $183.4m. It reported 437 employees.