Circle of Generosity Foundation

Analysis

Circle of Generosity Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 of Generosity Foundation reported income of $80k and spending of $95k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $125k to $80k (-36%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Circle of Generosity Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include E Virginia Scripps Memorial Trust ($80k), Local 317 Teamsters Care ($80k) and Benzie County Community Chest ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.