Circle of Friends Inc

Analysis

Circle of Friends Inc is a registered charity in United States, based in New Brighton, PA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Circle of Friends Inc reported income of $388k and spending of $347k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $358k to $388k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Friends Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Little Light Ministries ($388k), Lincoln County Housing Task Force ($388k) and Apple Valley School ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (20% of expenses). Other salaries and wages came to $89k. At year end it held assets of $225k against liabilities of $771, net assets of $224k. It reported 7 employees.