Circle of Giving Inc

Analysis

Circle of Giving Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in July 2016, 10 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, Circle of Giving Inc reported income of $63k and spending of $71k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $63k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Giving Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Valley View Community Cares Inc ($63k), Quality Life Inc ($63k) and Lovejoy Community Services Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $7,627, net assets of -$7,626.