Circle of Sisterhood Foundation Inc

Analysis

Circle of Sisterhood Foundation Inc is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Circle of Sisterhood Foundation Inc reported income of $397k and spending of $443k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $407k to $397k (-2.3%), an average of -0.6% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Circle of Sisterhood Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Founders Education Legacy Inc ($397k), Caps Network Inc ($397k) and Associated Builders & CNTRCTRS Inc Cumberland Valley CHPTR MNPWR Edct ($397k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $104k (24% of expenses). Other salaries and wages came to $40k. At year end it held assets of $319k against liabilities of $155k, net assets of $164k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.