Circle of Generations Inc

Analysis

Circle of Generations Inc is a registered charity in United States, based in Pfafftown, NC. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2023, Circle of Generations Inc reported income of $148k and spending of $138k, spending 93% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $663k to $148k (-78%), an average of -53% a year. The sharpest change came in the year to December 2022, when income dropped by 85%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Generations Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Angels Anonymous Inc ($148k), Friends of Africa Amini Alama Foundation ($148k) and Lafayette Firemens Relief Association ($148k).

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 $107k against liabilities of $33k, net assets of $74k.