Glenn Cannon Foundation Inc
EIN: 464990491 · Honolulu, HI · NTEE: A65
| Metric | Value |
|---|---|
| Total Revenue | $860K |
| Total Expenses | $51K |
| Net Assets | $534K |
Is Glenn Cannon Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Glenn Cannon Foundation Inc
Glenn Cannon Foundation Inc (EIN: 464990491) is a nonprofit organization based in Honolulu, HI, classified under NTEE code A65. The organization reported total revenue of $860K and total assets of $566K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glenn Cannon Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glenn Cannon Foundation Inc is a small nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2014–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $51K |
| Surplus / Deficit | $-33,546 |
| Total Assets | $534K |
| Total Liabilities | $1 |
| Net Assets | $534K |
| Operating Margin | -194.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 126.3 months |
Financial Health Grade: B
In 2023, Glenn Cannon Foundation Inc reported a deficit of $34K with expenses exceeding revenue, holds 126.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +197.9% | +0.1% |
| 2022 | -63.3% | -9.4% | -0.3% |
| 2020 | -1156.0% | -35.1% | -5.6% |
| 2019 | +7.9% | +259.0% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Glenn Cannon Foundation 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 Glenn Cannon Foundation 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 deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Glenn Cannon Foundation Inc
Is Glenn Cannon Foundation Inc a legitimate charity?
Glenn Cannon Foundation Inc (EIN: 464990491) is a registered tax-exempt nonprofit based in Hawaii. It has 7 years of IRS 990 filings on record. Total revenue: $860K. No red flags identified. Financial health grade: B.
How does Glenn Cannon Foundation Inc spend its money?
Glenn Cannon Foundation Inc reported $860K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Glenn Cannon Foundation Inc tax-deductible?
Glenn Cannon Foundation Inc is registered as a tax-exempt nonprofit (EIN: 464990491). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Glenn Cannon Foundation Inc located?
Glenn Cannon Foundation Inc is headquartered in Honolulu, Hawaii and files with the IRS under EIN 464990491. It is classified under NTEE code A65.
How many years of IRS 990 filings does Glenn Cannon Foundation Inc have?
Glenn Cannon Foundation Inc has 7 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 $860K in total revenue.
Filing History
IRS 990 filing history for Glenn Cannon Foundation Inc showing financial trends over 7 years of public records:
Total assets increased by 53434700% over the same period, from $1 to $534K. In its most recent filing year (2023), Glenn Cannon Foundation Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $1 in liabilities against $534K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $534K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $51K | $534K | $1 | — | — |
| 2022 | $17K | $17K | $534K | $1 | — | — |
| 2021 | $45K | $19K | $535K | $1 | — | — |
| 2020 | $-127,288 | $12K | $508K | $1 | — | View 990 |
| 2019 | $12K | $18K | $538K | $1 | — | View 990 |
| 2015 | $11K | $5K | $510K | $1 | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17K, expenses of $51K, and assets of $534K (revenue +4.1% year-over-year).
- 2022: Revenue of $17K, expenses of $17K, and assets of $534K (revenue -63.3% year-over-year).
- 2021: Revenue of $45K, expenses of $19K, and assets of $535K.
- 2020: Revenue of $-127,288, expenses of $12K, and assets of $508K (revenue -1156.0% year-over-year).
- 2019: Revenue of $12K, expenses of $18K, and assets of $538K (revenue +7.9% year-over-year).
- 2015: Revenue of $11K, expenses of $5K, and assets of $510K.
- 2014: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glenn Cannon Foundation Inc:
Data Sources and Methodology
This transparency report for Glenn Cannon Foundation 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.