Enchanted Circle Inc

Analysis

Enchanted Circle Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Enchanted Circle Inc reported income of $269k and spending of $236k, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $725k to $269k (-63%), an average of -22% a year. The sharpest change came in the year to August 2022, when income dropped by 55%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Enchanted Circle Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Radio 74 Internationale ($269k), Elev8life Inc ($269k) and Hollister House Garden Inc ($269k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $131k. At year end it held assets of $240k against liabilities of $35k, net assets of $205k. It reported 11 employees.