Circesteem Inc

Analysis

Circesteem Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Circesteem Inc reported income of $2.1m and spending of $2.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.1m (+72%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 413%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circesteem Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Harvard Community Services Center ($2.1m), Greater Hudson Promise Neighborhood Inc ($2.1m) and Working Credit NFP ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $128k (5.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $8.0m against liabilities of $2.4m, net assets of $5.6m. It reported 94 employees.