Circle of Friends Preschool and Childrens Center Inc

Analysis

Circle of Friends Preschool and Childrens Center Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Circle of Friends Preschool and Childrens Center Inc reported income of $2.0m and spending of $2.0m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $2.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Friends Preschool and Childrens Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Southwest Developmental Services Inc ($2.0m), Champ Clark Association for Challenged Citizens Inc ($2.0m) and The 1701 Group ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $125k (6.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.3m against liabilities of $1.4m, net assets of $896k. It reported 45 employees.