Circle of Hope Foundation

Analysis

Circle of Hope Foundation is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Circle of Hope Foundation reported income of $139k and spending of $121k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $185k to $139k (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Hope Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Leahs Kids Inc ($139k), Andys Summer Playhouse Inc ($139k) and East Utica Classic Inc ($139k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $936k against liabilities of $0, net assets of $936k.