Circle of Care Inc

Analysis

Circle of Care Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 2022, 4 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 December 2023, Circle of Care Inc reported income of $14.5m and spending of $5.4m, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $7.7m to $14.5m (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Care Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OK. Charities of a similar size with the same main cause include Brazos Valley Food Bank Inc ($14.5m), S E M Haven Inc ($14.5m) and Illinois Valley Economic Development Corporation ($14.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $231k (4.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $48.7m against liabilities of $357k, net assets of $48.3m. It reported 68 employees.