Circle of Light Associates

Analysis

Circle of Light Associates is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Circle of Light Associates reported income of $2.6m and spending of $1.5m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.1m to $2.6m (+126%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Circle of Light Associates sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Marketumbrella Org ($2.6m), Warren-Hamilton Counties Action Committee for Economic Opportunity ($2.6m) and Milwaukee Downtown Inc ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 44% and program service revenue 46% of the total. Other salaries and wages came to $349k. At year end it held assets of $2.1m against liabilities of $167k, net assets of $2.0m. It reported 18 employees.