Circle of Hope Inc

Analysis

Circle of Hope Inc is a registered charity in United States, based in Chetek, WI. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Circle of Hope Inc reported income of $1.0m and spending of $928k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $339k to $1.0m (+204%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Circle of Hope Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include National Christian Charitable Foundation Inc ($1.0m), Prevention Consultants of Missouri ($1.0m) and Louisiana Delta Services Corps Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $116k (12% of expenses). Other salaries and wages came to $572k. At year end it held assets of $652k against liabilities of $0, net assets of $652k. It reported 35 employees.