Circle Academy

Analysis

Circle Academy is a registered charity in United States, based in Whitestone, NY. It received its IRS tax-exemption ruling in March 1978, 48 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Circle Academy reported income of $6.1m and spending of $5.5m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $6.1m (+173%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Circle Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Arc Community Services Inc ($6.1m), The Rock School for Dance Education ($6.1m) and Municipal Research and Services Center of Washington ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $305k (5.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.4m against liabilities of $91k, net assets of $3.3m. It reported 86 employees.