CANALE FOUNDATION INC
MEMPHIS,
Tennessee,
38104
EIN: 62-1670425
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
1900 UNION AVE
38104
COUNTY
shelby county, TN
IN CARE OF NAME
PEGGY W CANALE
ORGANIZATIONAL OVERVIEW & RANKINGS
CANALE FOUNDATION INC is a based in MEMPHIS, TN, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes . Established in March 1997, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $20,152,675.00, this ranks 36,117 among 2,656,690 nonprofits nationally (Top 2%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 609 out of 52,500 organizations in TN (Top 2%).
In shelby county, TN, the organization ranks 129 out of 12,814 nonprofits by assets (Top 1%), while locally in memphis, it stands at 112 among 10,368 organizations (Top 2%).
The organization reported annual revenue of $249,415.00, ranking 259,870 nationally (Top 10%) and 4,792 in TN (Top 10%).
Within its specific NTEE classification (T30Z - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 798 similar organizations, CANALE FOUNDATION INC ranks 21 in assets (Top 3%) and 123 in revenue (Top 16%).
The organization files a 990 (all other) or 990EZ return and operates on a March fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Gifts grants or loans to other organizations
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
N/A
FOUNDATION CODE
17: Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above. 509(a)(3)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
04/2023
ACCOUNTING PERIOD
04
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$374,280.00
FORM 990 REVENUE AMOUNT
$249,415.00
RULING DATE
03/1997
ASSET CODE
8: $10,000,000 to $49,999,999
ASSET AMOUNT
$20,152,675.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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