Circles of Learning Inc

Analysis

Circles of Learning Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in May 1973, 53 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 June 2023, Circles of Learning Inc reported income of $2.9m and spending of $2.6m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.8m to $2.9m (+3.9%), an average of +1.3% a year. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circles of Learning Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Sabil USA ($2.9m), Re-Plate ($2.9m) and Y M C a of McCook ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $125k (4.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.5m against liabilities of $1.6m, net assets of $6.9m. It reported 84 employees.