Sophies Circle Inc

Analysis

Sophies Circle Inc is a registered charity in United States, based in New Smyrna, FL. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Sophies Circle Inc reported income of $661k and spending of $447k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $661k (+184%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 79% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Sophies Circle Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include A Little Rescue ($661k), Madison Cat Project Inc ($661k) and Corridor Rescue Inc ($661k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $650k against liabilities of $76k, net assets of $574k.