Circle of Caring Friends

Analysis

Circle of Caring Friends is a registered charity in United States, based in Kent, WA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Caring Friends reported income of $665k and spending of $872k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $684k to $665k (-2.9%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Caring Friends sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Quaker Voluntary Service Inc ($664k), Pioneer Towers ($665k) and Douglas County Car Care Program ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $21k (2.4% of expenses). At year end it held assets of $168k against liabilities of $3,033, net assets of $165k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.