Paper Circle

Analysis

Paper Circle is a registered charity in United States, based in Athens, OH. It received its IRS tax-exemption ruling in April 2003, 23 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 December 2023, Paper Circle reported income of $90k and spending of $94k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $90k (+11%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paper Circle sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Milan Village Arts School Inc ($90k), Creative Theatre Experience Assoc ($90k) and International Porcelain Artists and Teachers Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $19k (20% of expenses). Other salaries and wages came to $27k. At year end it held assets of $4,766 against liabilities of $1,107, net assets of $3,659. It reported 4 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.