The Circe Institute Inc

Analysis

The Circe Institute Inc is a registered charity in United States, based in Kannapolis, NC. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, The Circe Institute Inc reported income of $2.1m and spending of $2.0m, spending 98% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $1.3m to $2.1m (+62%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 53%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Circe Institute Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Builders Education Services and Training of Michigan Inc ($2.1m), New Horizons Center for Learning ($2.1m) and Woburn Public Library ($2.1m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.0m (51% of expenses). At year end it held assets of $407k against liabilities of $19k, net assets of $388k. It reported 18 employees.