Icircle Services of the Finger Lakes Inc

Analysis

Icircle Services of the Finger Lakes Inc is a registered charity in United States, based in Webster, NY. It received its IRS tax-exemption ruling in June 2014, 12 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, Icircle Services of the Finger Lakes Inc reported income of $153.8m and spending of $154.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $186.7m to $153.8m (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Icircle Services of the Finger Lakes Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Presbyterian Retirement Communities Inc ($153.2m), Feeding South Florida Inc ($154.8m) and National Council of Young Mens Christian Assns of the USA ($153.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $635k (0.4% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $42.3m against liabilities of $39.0m, net assets of $3.2m. It reported 150 employees.