Circles Ashland Inc

Analysis

Circles Ashland Inc is a registered charity in United States, based in Ashland, VA. It received its IRS tax-exemption ruling in May 2016, 10 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, Circles Ashland Inc reported income of $294k and spending of $215k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $277k to $294k (+6.0%), an average of +6.0% a year. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circles Ashland Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Dividing Bread Ministry Inc ($294k), The Honeycomb Project Inc NFP ($294k) and Family Promise of Cheyenne ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $62k (29% of expenses). Other salaries and wages came to $65k. At year end it held assets of $265k against liabilities of $0, net assets of $265k. It reported 3 employees.