W โ€” Public & Societal BenefitEIN: 872605065ยท Ruling Year: 2022

Canary Impact Lab Inc

New York, New York

BHealth Score
55B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

๐Ÿ’ฐ
$2.6M
Total Revenue
๐Ÿ“Š
$2.0M
Total Expenses
๐Ÿฆ
$1.5M
Net Assets
๐Ÿ“‹
$16K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+158.9%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+22.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.71
Net assets divided by total expenses
Liabilities-to-Assets
1.1%
Total liabilities as % of total assets

Filing History

3 filings on record
YearRevenueExpensesAssets
2023$2,614,175โ†‘159%$2,037,608โ†‘1593%$1,469,994โ†‘49%
2022$1,009,584$120,378โ†‘938%$987,836โ†‘98783500%
2021$0$11,594$1

Frequently Asked Questions

What does Canary Impact Lab Inc do?โ–ผ

Canary Impact Lab Inc is a public & societal benefit nonprofit organization based in New York. It is classified under NTEE code W19 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Canary Impact Lab Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Canary Impact Lab Inc has a score of 55/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Canary Impact Lab Inc generate?โ–ผ

Canary Impact Lab Inc reports $7.2M in annual revenue and holds $3.9M in total assets, based on IRS filings.

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Canary Impact Lab Inc โ€” New York, NY | GiveScope