Circle of Friends in Love Foundation

Analysis

Circle of Friends in Love Foundation is a registered charity in United States, based in Walnut, CA. It received its IRS tax-exemption ruling in March 2008, 18 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 Friends in Love Foundation reported income of $219k and spending of $131k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $219k (+172%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Friends in Love Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Marthas Corporation ($219k), Upper Merion Township Foundation ($219k) and Caring and Sharing Thrift Shop NFP ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $37k. At year end it held assets of $401k against liabilities of $0, net assets of $401k. It reported 4 employees.