Circulate Initiative Inc

Analysis

Circulate Initiative Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Circulate Initiative Inc reported income of $1.4m and spending of $2.0m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $1.4m (-79%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 81% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Circulate Initiative 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 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include People Resources and Conservation Foundation ($1.4m), Shenandoah Valley Conservancy ($1.4m) and Sustain South Carolina Intersection Commerce and Conservation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $300k (15% of expenses). At year end it held assets of $2.3m against liabilities of $465k, net assets of $1.8m.