Circles of Success Learning Academy

Analysis

Circles of Success Learning Academy is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2003, 23 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 2022, Circles of Success Learning Academy reported income of $3.2m and spending of $3.2m, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.7m to $3.2m (+21%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Circles of Success Learning Academy 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 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Discoveru ($3.2m), York Academy Foundation ($3.2m) and Jewish Day School of Allentown ($3.2m).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 88% of the total. Compensation of current officers, directors and key employees was $390k (12% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.0m against liabilities of $568k, net assets of $463k.