Quick charity verification for Circle Academy (EIN: 112396685)
Verdict: Circle Academy appears trustworthy
85/100Mission Score
$6.1MRevenue
$3.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $2,252,293 in 202006 to $6,146,788 in 202406.
Significant asset growth, from $484,002 in 202006 to $3,359,071 in 202406.
Healthy financial surplus, with revenue consistently exceeding expenses in recent years.
Low liabilities relative to assets, indicating a strong balance sheet ($90,613 liabilities vs. $3,359,071 assets in 202406).
0% reported officer compensation across all available filings, suggesting strong commitment to mission-focused spending.
Spending Breakdown
How Circle Academy allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Circle Academy
Is Circle Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Circle Academy (EIN: 112396685) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Circle Academy a good charity to donate to?
Circle Academy has a Mission Score of 85/100. Revenue: $6.1M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Circle Academy?
The Employer Identification Number (EIN) for Circle Academy is 112396685. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Circle Academy spend its money?
Circle Academy allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Circle Academy's tax-exempt status?
You can verify Circle Academy's tax-exempt status using EIN 112396685 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Circle Academy demonstrates strong financial health and growth, with its latest revenue reaching $6,146,788 and assets growing to $3,359,071 in the 202406 period. The organization consistently operates with a surplus, indicating effective financial management and sustainability. Its liabilities are relatively low compared to its assets, suggesting a healthy balance sheet. The consistent growth in revenue and assets over the past several years, from $2,557,526 in revenue and $982,843 in assets in 202106 to current figures, points to expanding operations and increasing capacity to fulfill its mission.
While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall expense ratio to revenue is favorable. For instance, in 202406, expenses were $5,527,395 against $6,146,788 in revenue, indicating that a significant portion of income is being directed towards operations. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and commitment to directing funds towards its mission rather than executive salaries.
Overall, Circle Academy appears to be a financially sound and growing organization. Its consistent financial reporting and the absence of officer compensation suggest a commitment to transparency and efficient use of resources. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency, but the available data paints a positive picture of its financial stewardship.