Overview
What is Canary Impact Lab Inc?
Canary Impact Lab Inc, established in New York City, is a nonprofit organization dedicated to supporting individuals facing financial hardships. They raise and distribute funds to aid those experiencing unexpected or unavoidable financial crises, as well as those dealing with ongoing financial instability. By providing these grants, Canary Impact Lab empowers recipients to prevent severe financial setbacks, such as missing bills or the threat of eviction. The organization also collects and analyzes data on the impact of these funds, finding that they significantly reduce financial stress and improve recipients' financial health over time. Beyond distributing funds, Canary Impact Lab is committed to research, advancing best practices, informing policy development, and experimenting with innovative approaches to bolster financial well-being.
Is Canary Impact Lab Inc legitimate?
Canary Impact Lab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canary Impact Lab Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Canary Impact Lab Inc?
Canary Impact Lab Inc's mission is centered around providing financial aid to individuals in need and enhancing financial wellbeing. The organization raises and distributes funds to assist individuals who have encountered unexpected financial hardships or face ongoing financial instability. Through this process, Canary Impact Lab gathers and analyzes data about the impact of these funds, identifying how they help recipients avoid significant financial setbacks and reduce stress. Beyond distribution, the organization conducts research, advances best practices, informs policy development, and experiments with innovative approaches to bolster financial health.
Who is the CEO of Canary Impact Lab Inc?
Adrian Haro is the Chair of Canary Impact Lab Inc.
What is the revenue of Canary Impact Lab Inc?
Canary Impact Lab Inc's revenue in 2022 was $1,009,584.
Who are the executives of Canary Impact Lab Inc and what are their salaries?
There 3 volunteers at Canary Impact Lab Inc.
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Canary Impact Lab Inc?
Canary Impact Lab Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Canary Impact Lab Inc
Canary Impact Lab, an organization dedicated to assisting individuals in financial need, has a multifaceted mission. The primary objective of Canary Impact Lab is to raise and distribute funds to individuals who are experiencing financial hardship. These funds are provided to individuals who have been affected by unpredictable or unavoidable events, making it difficult for them to meet their basic living expenses. Additionally, Canary Impact Lab supports individuals who are financially fragile, enabling them to pursue longer-term goals of security or mobility.
Beyond fund distribution, Canary Impact Lab engages in research, advocating for best practices, and influencing policy development. The organization uses the data it collects from delivering funds to analyze the impact of these grants on the recipients. Canary Impact Lab finds that the grants provided to individuals help them avoid significant negative events, such as missed bills or the risk of eviction. These grants also lower financial stress, making it more feasible for recipients to improve their financial health over time.
In essence, Canary Impact Lab's mission is twofold: to provide financial assistance to individuals in need and to gather and analyze data to inform policy development and advance best practices in financial health. The organization's goal is to make a tangible difference in the lives of those experiencing financial hardship, while also contributing to broader societal efforts to promote financial stability and resilience.
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Impact
October, 2024
Canary Impact Lab Inc focuses on enhancing employee wellbeing by innovating the 21st-century social safety net. Its key objective is to provide financial support to individuals facing unexpected or unpredictable financial hardships in New York City. By raising and distributing funds, Canary Impact Lab directly addresses the needs of those in crisis, helping to stabilize their lives and promote a healthier work environment. This initiative not only alleviates immediate financial stress for individuals but also fosters a culture of support and resilience in the community.
This information is meant to be a general summary of Canary Impact Lab Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $11,600
- Gross Receipts: $1,009,584
Assets and Liabilities:
- Total Assets: $987,836
- Total Liabilities: $110,224
- Net Assets: $877,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$11,600
Organization Details
Founding Year
2021
Phone
(917) 596-9653Principal Officer
Adrian Haro
Main Address
5 UNION SQUARE WEST 1067, NEW YORK, NY, 10003
NTEE Category
Code: W19 - Public benefit
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