Circle of Love Center Inc

Analysis

Circle of Love Center Inc is a registered charity in United States, based in Greensboro, GA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Love Center Inc reported income of $725k and spending of $616k, spending 85% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $407k to $725k (+78%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Circle of Love Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Friendship Community Development Corp ($724k), Charlestown Benevolent Care Foundation Inc ($725k) and Coreys Closet ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $322k. At year end it held assets of $1.1m against liabilities of $1,707, net assets of $1.1m. It reported 16 employees.