Elephant Circle
EIN: 471648218 · Palisade, CO · NTEE: I80
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $3.5M |
| Net Assets | $1.6M |
Is Elephant Circle Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elephant Circle
Elephant Circle (EIN: 471648218) is a nonprofit organization based in Palisade, CO, classified under NTEE code I80. The organization reported total revenue of $6.6M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elephant Circle's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elephant Circle is a mid-size nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 83.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-138,580 |
| Total Assets | $1.7M |
| Total Liabilities | $97K |
| Net Assets | $1.6M |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2023, Elephant Circle reported a deficit of $139K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Elephant Circle's revenue has grown at a compound annual growth rate (CAGR) of 83.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.7% | +227.9% | -2.9% |
| 2022 | +205.0% | +85.2% | +243.3% |
| 2021 | +130.8% | +350.1% | +58.1% |
| 2020 | +121.6% | +54.6% | +160.3% |
| 2019 | +113.6% | +29.0% | +101.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elephant Circle 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 Elephant Circle 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 $139K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.7%.
Frequently Asked Questions about Elephant Circle
Is Elephant Circle a legitimate charity?
Based on AI analysis of IRS 990 filings, Elephant Circle (EIN: 471648218) insufficient data. 0 red flags identified, 0 strengths noted.
How does Elephant Circle spend its money?
Detailed spending breakdown data is not yet available for Elephant Circle. Check back for updated IRS 990 analysis.
Are donations to Elephant Circle tax-deductible?
Elephant Circle is registered as a tax-exempt nonprofit (EIN: 471648218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elephant Circle located?
Elephant Circle is headquartered in Palisade, Colorado and files with the IRS under EIN 471648218. It is classified under NTEE code I80.
How many years of IRS 990 filings does Elephant Circle have?
Elephant Circle has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.6M in total revenue.
Filing History
IRS 990 filing history for Elephant Circle showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Elephant Circle's revenue has grown by 3737.4%, moving from $86K to $3.3M. Total assets increased by 2928.3% over the same period, from $56K to $1.7M. Total functional expenses rose by 5968.2%, from $57K to $3.5M. In its most recent filing year (2023), Elephant Circle reported a deficit of $139K, with expenses exceeding revenue. The organization holds $97K in liabilities against $1.7M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.5M | $1.7M | $97K | — | — |
| 2022 | $2.3M | $1.1M | $1.8M | $11K | — | View 990 |
| 2021 | $752K | $569K | $512K | $5K | — | View 990 |
| 2020 | $326K | $126K | $324K | $0 | — | — |
| 2019 | $147K | $82K | $124K | $0 | — | View 990 |
| 2018 | $69K | $63K | $62K | $0 | — | View 990 |
| 2017 | $86K | $57K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.5M, and assets of $1.7M (revenue +44.7% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.1M, and assets of $1.8M (revenue +205.0% year-over-year).
- 2021: Revenue of $752K, expenses of $569K, and assets of $512K (revenue +130.8% year-over-year).
- 2020: Revenue of $326K, expenses of $126K, and assets of $324K (revenue +121.6% year-over-year).
- 2019: Revenue of $147K, expenses of $82K, and assets of $124K (revenue +113.6% year-over-year).
- 2018: Revenue of $69K, expenses of $63K, and assets of $62K (revenue -20.4% year-over-year).
- 2017: Revenue of $86K, expenses of $57K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elephant Circle:
Data Sources and Methodology
This transparency report for Elephant Circle 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.