Circle Venture

Analysis

Circle Venture is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Venture reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Circle Venture sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Watch Inc ($1.2m), Ser Corporation ($1.2m) and Missoula Community Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $532k. At year end it held assets of $2.6m against liabilities of $1.5m, net assets of $1.1m. It reported 27 employees.