Circles of Care

Analysis

Circles of Care is a registered charity in United States, based in Corpus Christi, TX. It received its IRS tax-exemption ruling in March 2001, 25 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 September 2023, Circles of Care reported income of $3.7m and spending of $3.9m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.4m to $3.7m (-33%), an average of -9.5% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circles of Care sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Community Connections of Ny Inc ($3.7m), Aspermont Small Business Development Center Inc ($3.7m) and Children Aid Society ($3.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $132k (3.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.0m against liabilities of $38k, net assets of $2.0m. It reported 34 employees.