Circle of Life Development Foundation

Analysis

Circle of Life Development Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Life Development Foundation reported income of $115k and spending of $180k, spending 156% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $230k to $115k (-50%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Circle of Life Development Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Vector Industries Foundation ($115k), St Anthony East Neighborhood Association Inc ($115k) and Corry Industrial Benefit Association ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $9,363, net assets of $12k.