Full Circle Communities Inc

Analysis

Full Circle Communities Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Full Circle Communities Inc reported income of $30.2m and spending of $31.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.6m to $30.2m (+253%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 388%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Full Circle Communities Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Mission Housing Development Corp ($30.2m), Reach Community Development Inc ($30.4m) and Mira Bella ($30.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 77% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $337.3m against liabilities of $166.2m, net assets of $171.2m.