Casa Circulo Cultural Inc

Analysis

Casa Circulo Cultural Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Casa Circulo Cultural Inc reported income of $1.0m and spending of $784k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $1.0m (+318%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Casa Circulo Cultural Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Badger Honor Flight Incorporated ($1.0m), H H Dorje Chang Buddha III Cultural and Art Museum ($1.0m) and Bellevue Youth Symphony Orchestra ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Other salaries and wages came to $314k. At year end it held assets of $457k against liabilities of $92k, net assets of $365k. It reported 14 employees.