Circle Inc

Analysis

Circle Inc is a registered charity in United States, based in Darnestown, MD. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Circle Inc reported income of $2.6m and spending of $2.1m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $2.6m (+78%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Circle Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Lakeside Christian School Inc ($2.6m), Catskills Hatzalah Inc ($2.6m) and Childrens Center at Usc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $203k (9.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.7m against liabilities of $4.2m, net assets of $1.5m. It reported 54 employees.