Circle of Brotherhood

Analysis

Circle of Brotherhood is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Circle of Brotherhood reported income of $1.7m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $464k to $1.7m (+256%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Circle of Brotherhood sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Iron Workers Local Union No 172 Joint Apprenticeship Training ($1.7m), Stepping Stones Inc ($1.7m) and St Andrews Housing Dev Fund Co ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Other salaries and wages came to $821k. At year end it held assets of $833k against liabilities of $456k, net assets of $377k. It reported 21 employees.