Circle Center Adult Day Services

Analysis

Circle Center Adult Day Services is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 1978, 48 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 June 2023, Circle Center Adult Day Services reported income of $1.4m and spending of $1.7m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.4m (-36%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle Center Adult Day Services sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Torture Abolition and Survivors Support Coalition International ($1.4m), Loisanns Hope House ($1.4m) and Appalachian Regional Coalition on Homelessness Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $118k (7.1% of expenses). Other salaries and wages came to $900k. At year end it held assets of $3.2m against liabilities of $809k, net assets of $2.4m. It reported 35 employees.