Circle K International Inc
Circle K International Inc. faces significant financial instability with consistent deficits and declining assets.
EIN: 10772160 · Indianapolis, IN · NTEE: O51 · Updated: 2026-03-28
Is Circle K International Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Circle K International Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Circle K International Inc
Circle K International Inc (EIN: 10772160) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code O51. The organization reported total revenue of $373K and total assets of $70K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Circle K International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Circle K International Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Circle K International Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a positive sign for resource allocation directly 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.
Red Flags
The following concerns were identified during AI analysis of Circle K International Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $200,028 deficit in 202309, $142,108 deficit in 202209).
- Sharp decline in total assets from $340,733 in 202109 to $46,977 in 202309.
- Liabilities ($93,926 in 202309) exceeding assets ($46,977 in 202309), indicating a negative net asset position.
- Revenue has decreased significantly from a high of $737,941 in 201509 to $366,019 in 202309.
Strengths
The following positive indicators were identified for Circle K International Inc:
- No officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Long history of IRS 990 filings (12 filings), suggesting a commitment to compliance and transparency over time.
Frequently Asked Questions about Circle K International Inc
Is Circle K International Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Circle K International Inc (EIN: 10772160) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Circle K International Inc spend its money?
Circle K International Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Circle K International Inc tax-deductible?
Circle K International Inc is registered as a tax-exempt nonprofit (EIN: 10772160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Circle K International Inc. financially sustainable?
Based on the recent filings, Circle K International Inc. is not financially sustainable, having reported significant deficits in the 202309 and 202209 periods, leading to a sharp decline in assets and an increase in liabilities.
What caused the substantial decline in assets from $340,733 in 202109 to $46,977 in 202309?
The decline in assets is primarily due to the organization consistently spending more than its revenue, as evidenced by expenses exceeding revenue by $200,028 in 202309 and $142,108 in 202209.
How does the organization plan to address its negative net asset position and increasing liabilities?
The provided data does not detail the organization's plans to address its negative net asset position (liabilities of $93,926 exceeding assets of $46,977 in 202309), but this is a critical area for future inquiry.
What is the breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed functional expense breakdown, making it difficult to precisely determine the percentages allocated to programs, administration, and fundraising. The estimated breakdown is based on general nonprofit spending patterns given the available financial context.
Filing History
IRS 990 filing history for Circle K International Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Circle K International Inc's revenue has declined by 40%, moving from $610K to $366K. Total assets decreased by 70.7% over the same period, from $160K to $47K. Total functional expenses rose by 5.6%, from $536K to $566K. In its most recent filing year (2023), Circle K International Inc reported a deficit of $200K, with expenses exceeding revenue. The organization holds $94K in liabilities against $47K in assets (debt-to-asset ratio: 199.9%), resulting in net assets of $-46,949.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $366K | $566K | $47K | $94K | — | — |
| 2022 | $658K | $800K | $304K | $151K | — | — |
| 2021 | $577K | $523K | $341K | $46K | — | View 990 |
| 2020 | $508K | $442K | $271K | $31K | — | — |
| 2019 | $567K | $555K | $321K | $147K | — | View 990 |
| 2018 | $575K | $532K | $210K | $48K | — | View 990 |
| 2017 | $607K | $565K | $151K | $32K | — | View 990 |
| 2016 | $683K | $679K | $93K | $16K | — | View 990 |
| 2015 | $738K | $697K | $88K | $15K | — | View 990 |
| 2014 | $631K | $667K | $96K | $64K | — | View 990 |
| 2013 | $603K | $609K | $83K | $12K | — | View 990 |
| 2011 | $610K | $536K | $160K | $105K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $366K, expenses of $566K, and assets of $47K (revenue -44.4% year-over-year).
- 2022: Revenue of $658K, expenses of $800K, and assets of $304K (revenue +13.9% year-over-year).
- 2021: Revenue of $577K, expenses of $523K, and assets of $341K (revenue +13.7% year-over-year).
- 2020: Revenue of $508K, expenses of $442K, and assets of $271K (revenue -10.5% year-over-year).
- 2019: Revenue of $567K, expenses of $555K, and assets of $321K (revenue -1.4% year-over-year).
- 2018: Revenue of $575K, expenses of $532K, and assets of $210K (revenue -5.3% year-over-year).
- 2017: Revenue of $607K, expenses of $565K, and assets of $151K (revenue -11.2% year-over-year).
- 2016: Revenue of $683K, expenses of $679K, and assets of $93K (revenue -7.4% year-over-year).
- 2015: Revenue of $738K, expenses of $697K, and assets of $88K (revenue +17.0% year-over-year).
- 2014: Revenue of $631K, expenses of $667K, and assets of $96K (revenue +4.7% year-over-year).
- 2013: Revenue of $603K, expenses of $609K, and assets of $83K (revenue -1.2% year-over-year).
- 2011: Revenue of $610K, expenses of $536K, and assets of $160K.
Data Sources and Methodology
This transparency report for Circle K International Inc 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.