Canal Alliance

Analysis

Canal Alliance is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Canal Alliance reported income of $17.8m and spending of $12.2m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $17.8m (+211%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 80%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Canal Alliance sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include The Catholic Foundation of Greater Philadelphia ($17.7m), Neighborhood Ministries Inc ($17.9m) and Interfaith Works Inc ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $384k (3.1% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $22.8m against liabilities of $6.3m, net assets of $16.5m. It reported 140 employees.