Circle of Friends Ministry Inc

Analysis

Circle of Friends Ministry Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Friends Ministry Inc reported income of $194k and spending of $227k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $158k to $194k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Circle of Friends Ministry Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Apostolic Ministries Inc ($194k), Chin Chueh Gung Inc ($194k) and Collegiate Abbey Inc ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 24% of the total. At year end it held assets of $322k against liabilities of $97k, net assets of $225k.