Vicious Circle

Analysis

Vicious Circle is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2024, Vicious Circle reported income of $107k and spending of $106k, spending 99% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $11 to $107k (+976909%), an average of +976909% a year. The sharpest change came in the year to May 2024, when income rose by 976909%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vicious Circle sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Culture Shock Los Angeles ($107k), Riverfront Renaissance Center for the Arts Inc ($107k) and Fenton Community Orchestra ($107k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $15k against liabilities of $124, net assets of $15k.