Circle of Friends

Analysis

Circle of Friends is a registered charity in United States, based in Sisters, OR. It received its IRS tax-exemption ruling in January 2012, 14 years ago. 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 August 2024, Circle of Friends reported income of $474k and spending of $361k, leaving 24% of income unspent that year. Across the 5 years on record, from August 2019 to August 2024, income grew from $284k to $474k (+67%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 137%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Circle of Friends sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OR. Charities of a similar size with the same main cause include West Orange Scholarship Fund ($474k), National Church Residences ($474k) and Brownsburg Village Inc ($474k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $79k (22% of expenses). Other salaries and wages came to $141k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 6 employees.