Circle Academy

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Circle Academy Form 990, Revenue, CEO Pay, and IRS Filing Signals

Circle Academy is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Circle Academy in one place.

Is Circle Academy Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Circle Academy shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Circle Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Circle Academy

Circle Academy (EIN: 112396685) is a nonprofit organization based in Whitestone, NY. The organization reported total revenue of $6.1M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Circle Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Circle Academy is a mid-size nonprofit that has been operating for 48 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 23.5%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Circle Academy reported a surplus of $619K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).

Financial Trends

Over 14 years of filings (2011–2024), Circle Academy's revenue has grown at a compound annual growth rate (CAGR) of 23.5%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Circle Academy with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Circle Academy allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $619K, with revenue exceeding expenses.
• Debt-to-asset ratio: 2.7%.

Executive Compensation Analysis

Circle Academy consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a strong positive for directing funds to the mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Circle Academy:

• 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.

Frequently Asked Questions about Circle Academy

Filing History

IRS 990 filing history for Circle Academy showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Circle Academy's revenue has grown by 1452.6%, moving from $396K to $6.1M. Total assets increased by 18630.2% over the same period, from $18K to $3.4M. Total functional expenses rose by 1398.3%, from $369K to $5.5M. In its most recent filing year (2024), Circle Academy reported a surplus of $619K, with revenue exceeding expenses. The organization holds $91K in liabilities against $3.4M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $3.3M.

Year-by-Year Financial Summary

• 2024: Revenue of $6.1M, expenses of $5.5M, and assets of $3.4M (revenue +33.0% year-over-year).
• 2023: Revenue of $4.6M, expenses of $4.0M, and assets of $3.0M (revenue +2.6% year-over-year).
• 2022: Revenue of $4.5M, expenses of $3.2M, and assets of $2.2M (revenue +76.0% year-over-year).
• 2021: Revenue of $2.6M, expenses of $1.9M, and assets of $983K (revenue +13.6% year-over-year).
• 2020: Revenue of $2.3M, expenses of $2.4M, and assets of $484K (revenue -8.5% year-over-year).
• 2019: Revenue of $2.5M, expenses of $2.3M, and assets of $330K (revenue +7.6% year-over-year).
• 2018: Revenue of $2.3M, expenses of $2.2M, and assets of $277K (revenue -24.2% year-over-year).
• 2017: Revenue of $3.0M, expenses of $3.0M, and assets of $219K (revenue +6.6% year-over-year).
• 2016: Revenue of $2.8M, expenses of $3.0M, and assets of $185K (revenue +12.8% year-over-year).
• 2015: Revenue of $2.5M, expenses of $2.4M, and assets of $187K (revenue +182.5% year-over-year).
• 2014: Revenue of $889K, expenses of $887K, and assets of $148K (revenue +94.0% year-over-year).
• 2013: Revenue of $458K, expenses of $443K, and assets of $77K (revenue +32.0% year-over-year).
• 2012: Revenue of $347K, expenses of $319K, and assets of $58K (revenue -12.4% year-over-year).
• 2011: Revenue of $396K, expenses of $369K, and assets of $18K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Circle Academy:

Data Sources and Methodology

This transparency report for Circle Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.