Open Circle Adult Day Care

Analysis

Open Circle Adult Day Care is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Open Circle Adult Day Care reported income of $2.3m and spending of $2.0m, spending 89% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $2.2m to $2.3m (+6.2%), an average of +1.2% a year. The sharpest change came in the year to December 2019, when income dropped by 74%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Circle Adult Day Care sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include St Patrick Senior Center Inc ($2.3m), My Extended Family ($2.3m) and Special Young Adults Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $442k. It reported 37 employees.