Circle of Friends Inc

Analysis

Circle of Friends Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in March 2021, 5 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, Circle of Friends Inc reported income of $230k and spending of $245k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $710k to $230k (-68%), an average of -68% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Friends Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Friendship Circle of the West Coast ($230k), Wesleyan Homes II of Troy Inc ($230k) and Foster Parents Association of Washington State ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 15% of the total. Other salaries and wages came to $158k. At year end it held assets of $602k against liabilities of $168, net assets of $602k.