Circle of Nations Inc

Analysis

Circle of Nations Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Circle of Nations Inc reported income of $111k and spending of $77k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $111k (+5.3%), an average of +5.3% a year. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Circle of Nations Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Junior League of Annapolis Inc ($111k), Ripple Intent ($111k) and Excelsior Christkindslmarkt ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.