Circular Philadelphia

Analysis

Circular Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2022, 4 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, Circular Philadelphia reported income of $173k and spending of $88k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $173k (+485%), an average of +485% a year. The sharpest change came in the year to December 2023, when income rose by 485%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Circular Philadelphia sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Tilden-Meadow Grove Capital Improvement Fund ($173k), Concerned Citizens for Oak Harbor Area ($173k) and World Innovations Network ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (88% of expenses). At year end it held assets of $101k against liabilities of $0, net assets of $101k.