Circle Of Friends Inc
EIN: 352671302 · Alpharetta, GA · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $443K |
| Total Expenses | $245K |
| Net Assets | $602K |
Is Circle Of Friends Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Circle Of Friends Inc
Circle Of Friends Inc (EIN: 352671302) is a nonprofit organization based in Alpharetta, GA, classified under NTEE code P80. The organization reported total revenue of $443K and total assets of $539K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Circle Of Friends Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Circle Of Friends Inc is a small nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 113.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $230K |
| Total Expenses | $245K |
| Surplus / Deficit | $-15,053 |
| Total Assets | $602K |
| Total Liabilities | $168 |
| Net Assets | $602K |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 29.5 months |
Financial Health Grade: B
In 2023, Circle Of Friends Inc reported a deficit of $15K with expenses exceeding revenue, holds 29.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Circle Of Friends Inc's revenue has grown at a compound annual growth rate (CAGR) of 113.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.7% | +48.8% | -2.4% |
| 2022 | +305.7% | +33.7% | +741.0% |
| 2021 | +638.8% | +2510.2% | +280.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Circle Of Friends Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Circle Of Friends Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Circle Of Friends Inc
Is Circle Of Friends Inc a legitimate charity?
Circle Of Friends Inc (EIN: 352671302) is a registered tax-exempt nonprofit based in Georgia. It has 4 years of IRS 990 filings on record. Total revenue: $443K. No red flags identified. Financial health grade: B.
How does Circle Of Friends Inc spend its money?
Circle Of Friends Inc reported $443K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Circle Of Friends Inc tax-deductible?
Circle Of Friends Inc is registered as a tax-exempt nonprofit (EIN: 352671302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Circle Of Friends Inc located?
Circle Of Friends Inc is headquartered in Alpharetta, Georgia and files with the IRS under EIN 352671302. It is classified under NTEE code P80.
How many years of IRS 990 filings does Circle Of Friends Inc have?
Circle Of Friends Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $443K in total revenue.
Filing History
IRS 990 filing history for Circle Of Friends Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Circle Of Friends Inc's revenue has grown by 869.3%, moving from $24K to $230K. Total assets increased by 3020.6% over the same period, from $19K to $602K. Total functional expenses rose by 5090.6%, from $5K to $245K. In its most recent filing year (2023), Circle Of Friends Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $168 in liabilities against $602K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $602K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $230K | $245K | $602K | $168 | — | — |
| 2022 | $710K | $164K | $617K | $168 | — | View 990 |
| 2021 | $175K | $123K | $73K | $2K | — | View 990 |
| 2020 | $24K | $5K | $19K | $306 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $230K, expenses of $245K, and assets of $602K (revenue -67.7% year-over-year).
- 2022: Revenue of $710K, expenses of $164K, and assets of $617K (revenue +305.7% year-over-year).
- 2021: Revenue of $175K, expenses of $123K, and assets of $73K (revenue +638.8% year-over-year).
- 2020: Revenue of $24K, expenses of $5K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Circle Of Friends Inc:
Data Sources and Methodology
This transparency report for Circle Of Friends 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.