Nonprofit · EIN 87-2605065
CANARY IMPACT LAB INC
Tax-exempt · NEW YORK, NY 10003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,153,051 | $4,767,586 | $2,385,465 | $3,919,856 | $80,212 | $3,839,644 |
| December 31, 2023 | 990 | $2,614,175 | $2,037,608 | $576,567 | $1,469,994 | $15,815 | $1,454,179 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,003,871
- Program service revenue
- $121,377
- Investment income
- $27,803
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,470,816
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $30,630
- Program services (functional)
- $4,470,816
- Management and general (functional)
- $49,070
- Fundraising (functional)
- $247,700
Balance sheet and other
- Total assets, start of year
- $1,469,994
- Total assets, end of year
- $3,919,856
- Total liabilities, end of year
- $80,212
- Net assets, end of year
- $3,839,644
- Net assets without donor restrictions
- $2,393,561
- Net assets with donor restrictions
- $1,446,083
- Gross receipts
- $7,153,051
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2021
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNY CALVERT RODRIGUES | CHAIR Trustee or director, Officer | 0.25 | $0 |
| ADRIAN HARO | VICE CHAIR & TREASURER Trustee or director, Officer | 0.25 | $0 |
| KRISTEN BERMAN | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| KEN GROUF | BOARD MEMBER Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RACHEL SCHNEIDER | BOARD MEMBER Trustee or director | 0.25 | $0 | $115,000 | $3,450 |
| JENNY CALVERT RODRIGUES | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| ADRIAN HARO | VICE CHAIR & TREASURER Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| KRISTEN BERMAN | SECRETARY Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| KEN GROUF | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5 UNION SQUARE WEST 1067, NEW YORK, NY 10003-3306
- In care of
- % RACHEL SCHNEIDER
- Principal officer (990 for 2024)
- ADRIAN HARO, 5 UNION SQUARE WEST 1067, NEW YORK, NY 10003
- Signed the 990
- ADRIAN HARO, VICE CHAIR & TREASURER
- Phone
- (917) 596-9653
- Return prepared by
- PRAGER METIS CPAS LLC
Mission
CANARY RAISES AND DISTRIBUTES FUNDS TO HELP INDIVIDUALS EXPERIENCING FINANCIAL NEED, CONDUCTS RESEARCH, ADVANCES BEST PRACTICES, INFORMS POLICY DEVELOPMENT, AND EXPERIMENTS WITH NEW APPROACHES TO BOLSTER FINANCIAL HEALTH.
Program accomplishments
- CANARY RAISES AND DISTRIBUTES FUNDS TO INDIVIDUALS EXPERIENCING FINANCIAL NEED. MANY RECIPIENTS HAVE EXPERIENCED AN UNPREDICTABLE OR UNAVOIDABLE EVENT THAT MAKES IT DIFFICULT FOR THEM TO AFFORD BASIC LIVING EXPENSES. OTHERS EXPERIENCE ONGOING FINANCIAL FRAGILITY, AND THE GRANTS ENABLE THEM TO PURSUE THEIR GOALS OF LONGER-TERM SECURITY OR MOBILITY. IN THE COURSE OF DELIVERING FUNDS, CANARY IMPACT LAB GATHERS AND ANALYZES DATA ABOUT HOW THESE FUNDS HELP THE RECIPIENTS. WE FIND THAT THE GRANTS ENABLE PEOPLE TO AVOID SIGNIFICANT NEGATIVE EVENTS SUCH AS MISSING BILLS OR RISKING EVICION. THEY LOWER FINANCIAL STRESS, MAKING IT MORE POSSIBLE FOR RECIPIENTS TO IMPROVE THEIR FINANCIAL HEALTH.Expenses $4,470,816 · grants $4,470,816 · revenue $121,377
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2605065
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W19)
- Assets (IRS master file)
- $3,919,856
- Income (IRS master file)
- $7,153,051
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,153,051 | $4,767,586 | $3,919,856 | IRS |
| 990 | December 2023 | $2,614,175 | $2,037,608 | $1,469,994 | XML |
| 990 | December 2022 | $1,009,584 | $120,378 | $987,836 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-2605065).
Questions about CANARY IMPACT LAB INC
- What is the EIN of CANARY IMPACT LAB INC?
- The employer identification number (EIN) of CANARY IMPACT LAB INC is 87-2605065.
- Is CANARY IMPACT LAB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CANARY IMPACT LAB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CANARY IMPACT LAB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CANARY IMPACT LAB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CANARY IMPACT LAB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CANARY IMPACT LAB INC?
- The 990 for the year ended December 31, 2024 names ADRIAN HARO.
- Who are the officers and directors of CANARY IMPACT LAB INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does CANARY IMPACT LAB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,153,051, expenses of $4,767,586 and total assets of $3,919,856 at year end.
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