Canopy Life International Inc
EIN: 472207010 · Atlanta, GA · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.0M |
| Net Assets | $2.0M |
Is Canopy Life International Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Canopy Life International Inc
Canopy Life International Inc (EIN: 472207010) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B99. The organization reported total revenue of $1.5M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Canopy Life International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Canopy Life International Inc is a mid-size nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$845K |
| Total Assets | $2.0M |
| Total Liabilities | $15K |
| Net Assets | $2.0M |
| Operating Margin | 45.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 24.4 months |
Financial Health Grade: A
In 2023, Canopy Life International Inc reported a surplus of $845K with revenue exceeding expenses, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Canopy Life International Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.4% | -0.1% | +70.0% |
| 2022 | +30.8% | +49.3% | +12.5% |
| 2021 | +11.7% | +19.7% | +21.0% |
| 2020 | +5.0% | -19.3% | +38.3% |
| 2019 | -15.5% | +48.5% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Canopy Life International Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Canopy Life International Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $845K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Canopy Life International Inc
Is Canopy Life International Inc a legitimate charity?
Canopy Life International Inc (EIN: 472207010) is a registered tax-exempt nonprofit based in Georgia. It has 8 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: A.
How does Canopy Life International Inc spend its money?
Canopy Life International Inc reported $1.5M in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Canopy Life International Inc tax-deductible?
Canopy Life International Inc is registered as a tax-exempt nonprofit (EIN: 472207010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Canopy Life International Inc located?
Canopy Life International Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 472207010. It is classified under NTEE code B99.
How many years of IRS 990 filings does Canopy Life International Inc have?
Canopy Life International Inc has 8 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Canopy Life International Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Canopy Life International Inc's revenue has grown by 243%, moving from $539K to $1.9M. Total assets increased by 616.1% over the same period, from $286K to $2.0M. Total functional expenses rose by 294.1%, from $255K to $1.0M. In its most recent filing year (2023), Canopy Life International Inc reported a surplus of $845K, with revenue exceeding expenses. The organization holds $15K in liabilities against $2.0M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.0M | $2.0M | $15K | — | View 990 |
| 2022 | $1.1M | $1.0M | $1.2M | $33K | — | — |
| 2021 | $871K | $674K | $1.1M | $23K | — | View 990 |
| 2020 | $779K | $563K | $884K | $35K | — | View 990 |
| 2019 | $742K | $697K | $639K | $7K | — | View 990 |
| 2018 | $878K | $469K | $594K | $7K | — | View 990 |
| 2017 | $250K | $356K | $180K | $2K | — | View 990 |
| 2016 | $539K | $255K | $286K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.0M, and assets of $2.0M (revenue +62.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $1.2M (revenue +30.8% year-over-year).
- 2021: Revenue of $871K, expenses of $674K, and assets of $1.1M (revenue +11.7% year-over-year).
- 2020: Revenue of $779K, expenses of $563K, and assets of $884K (revenue +5.0% year-over-year).
- 2019: Revenue of $742K, expenses of $697K, and assets of $639K (revenue -15.5% year-over-year).
- 2018: Revenue of $878K, expenses of $469K, and assets of $594K (revenue +251.8% year-over-year).
- 2017: Revenue of $250K, expenses of $356K, and assets of $180K (revenue -53.7% year-over-year).
- 2016: Revenue of $539K, expenses of $255K, and assets of $286K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Canopy Life International Inc:
Data Sources and Methodology
This transparency report for Canopy Life International Inc 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.