Canonsburg Corporation
Canonsburg Corporation consistently maintains low expenses and zero officer compensation, building substantial assets.
EIN: 204221922 · Indianapolis, IN · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $228K |
| Total Expenses | $44K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $2.5M |
| Transparency Score | 92/100 |
Is Canonsburg Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Canonsburg Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Canonsburg Corporation
Canonsburg Corporation (EIN: 204221922) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code N50. The organization reported total revenue of $228K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Canonsburg Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Canonsburg Corporation is a small nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $206K |
| Total Expenses | $44K |
| Surplus / Deficit | +$162K |
| Total Assets | $2.6M |
| Total Liabilities | $34K |
| Net Assets | $2.5M |
| Operating Margin | 78.6% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 701.3 months |
Financial Health Grade: A
In 2023, Canonsburg Corporation reported a surplus of $162K with revenue exceeding expenses, holds 701.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Canonsburg Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.7% | +86.6% | +7.1% |
| 2022 | +137.9% | -61.3% | +6.2% |
| 2021 | -86.9% | +3.7% | +0.5% |
| 2020 | +183.3% | +0.2% | +29.4% |
| 2019 | -0.1% | -88.0% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Canonsburg Corporation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Canonsburg Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $162K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization operates with a volunteer executive leadership or that compensation falls below reporting thresholds, which is highly favorable for a nonprofit of its size with assets exceeding $2.5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Canonsburg Corporation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided summary data, making it hard to fully assess program efficiency (though overall expenses are low)
- Significant expense spike in 201805 ($488,572) relative to revenue ($194,840) without immediate explanation in summary data
Strengths
The following positive indicators were identified for Canonsburg Corporation:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership or highly efficient executive structure
- Strong and consistent asset growth over the past decade, from $1.35M in 2014 to $2.57M in 2023
- Very low expense-to-revenue ratio in most years, demonstrating efficient financial management
- Healthy financial position with significantly more assets than liabilities ($2,576,305 assets vs. $33,690 liabilities in 2023)
- Consistent positive net revenue in most years, contributing to asset accumulation
Frequently Asked Questions about Canonsburg Corporation
Is Canonsburg Corporation a legitimate charity?
Canonsburg Corporation (EIN: 204221922) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $228K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Canonsburg Corporation spend its money?
Canonsburg Corporation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Canonsburg Corporation tax-deductible?
Canonsburg Corporation is registered as a tax-exempt nonprofit (EIN: 204221922). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Canonsburg Corporation CEO make?
Canonsburg Corporation's highest-compensated officer earns $2.5 annually. The organization reported $228K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Canonsburg Corporation's spending goes to programs?
Canonsburg Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Canonsburg Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Canonsburg Corporation is above average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Canonsburg Corporation located?
Canonsburg Corporation is headquartered in Indianapolis, Indiana and files with the IRS under EIN 204221922. It is classified under NTEE code N50.
How many years of IRS 990 filings does Canonsburg Corporation have?
Canonsburg Corporation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $228K in total revenue.
Is Canonsburg Corporation a good charity?
Based on the available financial data, Canonsburg Corporation appears to be a very good charity. It demonstrates strong financial management, consistent asset growth, and remarkably low administrative and officer compensation expenses, suggesting a high dedication to its mission.
How does Canonsburg Corporation manage its expenses?
Canonsburg Corporation manages its expenses very efficiently. In the latest filing (202305), expenses were only $44,084 against revenues of $205,818. This pattern of low expenses relative to revenue is consistent across most years, indicating a lean operational model.
What is the trend in Canonsburg Corporation's assets?
Canonsburg Corporation shows a strong upward trend in assets, growing from $1,351,343 in 2014 to $2,576,305 in 2023. This consistent growth indicates financial stability and an increasing capacity to fulfill its mission.
Why were expenses so high in 2018?
In 201805, expenses were $488,572, significantly higher than the revenue of $194,840. Without detailed program expense breakdowns, it's difficult to pinpoint the exact reason, but it could indicate a major one-time program investment, asset purchase, or an unusual operational cost. Despite this, the organization recovered financially in subsequent years.
Filing History
IRS 990 filing history for Canonsburg Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Canonsburg Corporation's revenue has grown by 86.8%, moving from $110K to $206K. Total assets increased by 133.7% over the same period, from $1.1M to $2.6M. Total functional expenses rose by 690.5%, from $6K to $44K. In its most recent filing year (2023), Canonsburg Corporation reported a surplus of $162K, with revenue exceeding expenses. The organization holds $34K in liabilities against $2.6M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $206K | $44K | $2.6M | $34K | — | View 990 |
| 2022 | $172K | $24K | $2.4M | $29K | — | View 990 |
| 2021 | $72K | $61K | $2.3M | $31K | — | View 990 |
| 2020 | $551K | $59K | $2.3M | $35K | — | — |
| 2019 | $195K | $59K | $1.7M | $11K | — | View 990 |
| 2018 | $195K | $489K | $1.6M | $0 | — | View 990 |
| 2017 | $248K | $68K | $1.8M | $0 | — | View 990 |
| 2016 | $162K | $19K | $1.7M | $0 | — | View 990 |
| 2015 | $164K | $25K | $1.5M | $0 | — | View 990 |
| 2014 | $151K | $23K | $1.4M | $0 | — | View 990 |
| 2013 | $154K | $12K | $1.2M | $0 | — | View 990 |
| 2012 | $110K | $6K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $206K, expenses of $44K, and assets of $2.6M (revenue +19.7% year-over-year).
- 2022: Revenue of $172K, expenses of $24K, and assets of $2.4M (revenue +137.9% year-over-year).
- 2021: Revenue of $72K, expenses of $61K, and assets of $2.3M (revenue -86.9% year-over-year).
- 2020: Revenue of $551K, expenses of $59K, and assets of $2.3M (revenue +183.3% year-over-year).
- 2019: Revenue of $195K, expenses of $59K, and assets of $1.7M (revenue -0.1% year-over-year).
- 2018: Revenue of $195K, expenses of $489K, and assets of $1.6M (revenue -21.5% year-over-year).
- 2017: Revenue of $248K, expenses of $68K, and assets of $1.8M (revenue +53.1% year-over-year).
- 2016: Revenue of $162K, expenses of $19K, and assets of $1.7M (revenue -1.0% year-over-year).
- 2015: Revenue of $164K, expenses of $25K, and assets of $1.5M (revenue +8.7% year-over-year).
- 2014: Revenue of $151K, expenses of $23K, and assets of $1.4M (revenue -2.3% year-over-year).
- 2013: Revenue of $154K, expenses of $12K, and assets of $1.2M (revenue +40.0% year-over-year).
- 2012: Revenue of $110K, expenses of $6K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Canonsburg Corporation:
Data Sources and Methodology
This transparency report for Canonsburg Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.