Circle of Faith Inc

Analysis

Circle of Faith Inc is a registered charity in United States, based in Medford, WI. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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 October 2023, Circle of Faith Inc reported income of $681k and spending of $629k, spending 92% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $489k to $681k (+39%), an average of +8.6% a year. The sharpest change came in the year to October 2021, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Circle of Faith Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Microlife Institute Inc ($681k), The Childrens School ($682k) and Association for Computing Machinery ($681k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $139k (22% of expenses). Other salaries and wages came to $277k. At year end it held assets of $913k against liabilities of $3,725, net assets of $909k. It reported 35 employees.