Upstate Circle of Friends

Analysis

Upstate Circle of Friends is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in January 2012, 14 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 2022, Upstate Circle of Friends reported income of $959k and spending of $1.0m, spending 108% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income grew from $781k to $959k (+23%), an average of +11% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Upstate Circle of Friends sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Sprout City Farms Inc ($958k), Janet Jones Group Home Inc ($959k) and Family Promise of Greater Rochester Inc ($958k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $245k (24% of expenses). Other salaries and wages came to $106k. At year end it held assets of $698k against liabilities of $446k, net assets of $252k. It reported 6 employees.