Sister Circle International

Analysis

Sister Circle International is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in November 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, Sister Circle International reported income of $445k and spending of $385k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $370k to $445k (+20%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sister Circle International sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Harrison County Economic Development Corporation ($444k), Main Street of Sterling Inc ($445k) and Coalition of Africian Communities - Philadelphia ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $26k (6.7% of expenses). Other salaries and wages came to $70k. At year end it held assets of $198k against liabilities of $2,813, net assets of $195k. It reported 11 employees.