Canada Council for the Arts

Analysis

Canada Council for the Arts is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in June 1962, 64 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending March 2024, Canada Council for the Arts reported income of $324.7m and spending of $319.7m, spending 98% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $271.4m to $324.7m (+20%), an average of +4.6% a year. The sharpest change came in the year to March 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Canada Council for the Arts 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 100th percentile. Charities of a similar size with the same main cause include National Academy of Sciences ($324.6m), Woods Hole Oceanographic Institution ($345.9m) and Harvard Business School Publishing Corporation ($319.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 93% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $1.7m (0.5% of expenses). Other salaries and wages came to $25.4m. At year end it held assets of $452.1m against liabilities of $137.2m, net assets of $314.9m.