Caned Foundation

It took in $6,999,125 more than it spent, and retained the difference. Neither is good or bad on its own — charities hold reserves, run capital campaigns, and spend down endowments, and the return does not say which.

This filing does not add up. The reported components come to $11,856,632, more than the $1,209,504 total they are supposed to be part of, so no proportional breakdown is shown. The figures above are exactly as the charity filed them. This is a data-entry problem in the return, and not in itself a finding about the organisation.

This charity did not report a fundraising figure. That is not the same as zero. Only one charity in five reports a fundraising figure at all, and the return does not require it.

Caned Foundation reported spending 975.9% of its expenditure on charitable programs. Among the 510 charities registered under foundations advancing education that reported the same line for 2024, the middle of the range is 81.5%, and this charity sits at the 98th percentile — above 98% of them.

That is a position in a distribution, not a verdict. Charities allocate costs differently on the same form, and a lower share often reflects how a return was filled in rather than how the money was spent. The cohort counts only charities that reported this line — about a quarter of the register does not, and they are not in the comparison at all.

Charities that hold significant property not used in their programs must spend a minimum amount each year — the disbursement quota. Caned Foundation files this schedule; most charities do not.

Charities may also carry a disbursement excess forward for five years, so a single year is a slice of a longer calculation rather than the whole of it.