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Canopy Canopy Canopy Inc

EIN 30-0537058 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak34 out of 100GovernanceGood88 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEE SCHEDULE O

Income
$706,944
Spending
$921,787
Spent on programs
59%
Reserves
2.3 months of spending
Largest source of income
donations and private grants, 78%
Employees
10
Volunteers
0
Highest pay
$70,538, director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 34 out of 100. Higher than 6% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.3 months of spending.

  • Debt

    16 of 20

    It owes 27% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 30% of income.

  • Income trend

    0 of 15

    Income fell 32% on the year before.

  • Spending floor

    8 of 15

    59% of spending went to programs and raising each dollar of donations cost 30 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 88 out of 100. Higher than 76% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    17 of 17 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $547,431 spent. CORE PROGRAMS DIGITAL PUBLISHING: TC ACCOMPLISHES ITS MISSION THROUGH THE PUBLICATION OF AN ONLINE MAGAZINE OF VISUAL ART AND LITERATURE, INCLUDING INTERACTIVE ESSAYS,SCREEN-BASED ARTWORKS, FICTION, POETRY, PROSE, AND CRITICAL DIALOGUES, AS WELL AS DOCUMENTATION OF PUBLIC PROGRAMS AND PERFORMANCES. AN ISSUE OF TC CONTAINS 10-15 PROJECTS COMMISSIONED FROM ARTISTS AND WRITERS AND IS ACCESSIBLE FOR FREE VIA THE ONLINE PLATFORM AT CANOPYCANOPYCANOPY.COM. PRINT PUBLISHING: THE MAGAZINE OCCASIONALLY PUBLISHES PRINT PUBLICATIONS THAT MAKE ARRESTING USE OF THE BOOK FORM.THESE PRINT OBJECTS INCLUDE MULTIVOCAL PAPERBACKS WHICH STEM FROM AND EXTEND OUR PUBLIC PROGRAMS, AS WELL AS SINGLE-AUTHOR WORKS THAT ADAPT CONTRIBUTIONS TO THE MAGAZINE OR EMERGE FROM SPECIFIC COLLABORATIONS WITH CONTRIBUTORS. PUBLIC PROGRAMS: AS PART OF EACH ISSUE, TC ALSO ORGANIZES AT LEAST FIVE PUBLIC PROGRAMS THAT ARE CONSIDERED TO BE PART OF THE MAGAZINE, INCLUDING PERFORMANCES, PANELS, READINGS, AND SCREENINGS. TCS PUBLIC PROGRAMS ARE DOCUMENTED THROUGH AUDIO OR VIDEO AND PUBLISHED ONLINE IN THE MAGAZINE AS VIDEOS, AUDIO RECORDINGS, AND TRANSCRIPTS. EVENTS ARE OFTEN LIVESTREAMED. AS WITH DIGITAL PROJECTS, PUBLIC PROGRAM DOCUMENTATION IS MADE ACCESSIBLE TO VIEWERS FOR FREE AT CANOPYCANOPYCANOPY.COM. EDUCATION: TC HAS HELD EIGHT SESSIONS OF THE PUBLICATION INTENSIVE: A FREE, ANNUAL, TWO-WEEK SUMMER PROGRAM IN THE HISTORY AND CONTEMPORARY PRACTICE OF PUBLICATION, FOR TWELVE HIGHER-LEVEL COLLEGE STUDENTS, GRADUATE STUDENTS, AND RECENT COLLEGE GRADUATES. EACH YEAR WE INVITE APPLICATIONS FROM PROSPECTIVE STUDENTS WITH BACKGROUNDS IN AREAS SUCH AS WRITING, ART, LITERATURE, ART HISTORY, NEW MEDIA, AND DESIGN. DURING THE PROGRAM, TC EDITORS LEAD DISCUSSIONS AND WORKSHOPS WITH PARTICIPATING STUDENTS,WHO RESEARCH ANALYZE, AND DEVELOP PROJECTS, THAT HINGE ON NEW TECHNOLOGIES BUT ALSO MINE THE HISTORY OF PRINT CULTURE AND ARTISTIC PRACTICE. THE PROGRAM TAKES PLACE AT TCS VENUE AND INCLUDES VISITS TO STUDIOS OF ARTISTS AND DESIGNERS, ARCHIVES, AND CULTURAL INSTITUTIONS. (DUE TO THE PANDEMIC, THIS PROGRAM WAS TEMPORARILY SUSPENDED IN FY21.)

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2009.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.