The Inner Circle Inc

Analysis

The Inner Circle Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, The Inner Circle Inc reported income of $98k and spending of $103k, spending 105% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income fell from $561k to $98k (-83%), an average of -58% a year. The sharpest change came in the year to September 2023, when income dropped by 82%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Inner Circle 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 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Massachusetts Charter Schoolathletic Organization ($98k), Maddox J Almeida Foundation Corp ($98k) and Rose Society ($98k).

It paid $20k in professional fundraising fees. At year end it held assets of $124k against liabilities of $0, net assets of $124k.