Circle Foundation

Analysis

Circle Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Circle Foundation reported income of $6.0m and spending of $6.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $6.0m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Circle Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Greaswood Springs Community School Inc ($6.0m), New York City Charter School of the Arts ($6.0m) and Ball Charter Schools an Illinois Non-Profit Corporation ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $541k (8.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $7.9m against liabilities of $6.6m, net assets of $1.3m. It reported 49 employees.