Circle of Hope Inc

Analysis

Circle of Hope Inc is a registered charity in United States, based in Newhall, CA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Hope Inc reported income of $165k and spending of $264k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $235k to $165k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Circle of Hope Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Neurodiversity Foundation ($165k), Manasquan First Aid Squad ($165k) and Galapagos Health Planet Foundation ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $60k (23% of expenses). Other salaries and wages came to $54k. At year end it held assets of $421k against liabilities of $20k, net assets of $401k. It reported 3 employees.