Circlewood

Analysis

Circlewood is a registered charity in United States, based in Camano Island, WA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Circlewood reported income of $345k and spending of $265k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $345k (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 407%. Over the whole period it spent 52% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Circlewood sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Rooted Pastors Inc ($345k), Mitzvah Matters Inc ($345k) and Ever Reaching Community Outreach ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $102k (39% of expenses). Other salaries and wages came to $100k. At year end it held assets of $1.5m against liabilities of $1,212, net assets of $1.5m. It reported 4 employees.