Circle Urban Ministries

Analysis

Circle Urban Ministries is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1983, 43 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, Circle Urban Ministries reported income of $1.4m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $897k to $1.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle Urban Ministries sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Fairfield County Hospice House Inc ($1.4m), Meals on Wheels of Asheville and Buncombe County Inc ($1.4m) and Businesses Ending Slavery and Trafficking ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $117k (8.2% of expenses). Other salaries and wages came to $438k. At year end it held assets of $2.0m against liabilities of $2.0m, net assets of -$26k. It reported 23 employees.