Circle of Love Foundation Inc

Analysis

Circle of Love Foundation Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Love Foundation Inc reported income of $430k and spending of $481k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $470k to $430k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Circle of Love Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Hillside Health Care International ($430k), Give US Wings ($431k) and Clinica San Lucas Gracias ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.