Canopy Communities Coporation

Analysis

Canopy Communities Coporation is a registered charity in United States, based in Anaheim Hills, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Canopy Communities Coporation reported income of $666k and spending of $166k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $666k (+129%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 30% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Canopy Communities Coporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include I Have a Dream Foundation-Los Angeles ($665k), Dauphin County Community Fund ($666k) and Louis and Abby Faye Dinklage Foundation ($665k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $3.7m against liabilities of $44k, net assets of $3.6m.