Full Circle Exchange International Inc
Full Circle Exchange International Inc. faces severe financial distress with minimal revenue and significant operational deficits.
EIN: 201825685 · Eagle, ID · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $485 |
| Total Expenses | $136K |
| Net Assets | $10K |
| Transparency Score | 10/100 |
Is Full Circle Exchange International Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Full Circle Exchange International Inc
Full Circle Exchange International Inc (EIN: 201825685) is a nonprofit organization based in Eagle, ID, classified under NTEE code T23. The organization reported total revenue of $485 and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Full Circle Exchange International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Full Circle Exchange International Inc is a micro nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -47.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $485 |
| Total Expenses | $136K |
| Surplus / Deficit | $-135,087 |
| Total Assets | $1.3M |
| Total Liabilities | $1.3M |
| Net Assets | $10K |
| Operating Margin | -27853.0% |
| Debt-to-Asset Ratio | 99.2% |
| Months of Reserves | 113.6 months |
Financial Health Grade: C
In 2022, Full Circle Exchange International Inc reported a deficit of $135K with expenses exceeding revenue, holds 113.6 months of operating reserves (strong position), has a debt-to-asset ratio of 99.2% (high leverage).
Financial Trends
Over 9 years of filings (2011–2022), Full Circle Exchange International Inc's revenue has declined at a compound annual growth rate (CAGR) of -47.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -33.5% | -17.0% | -9.5% |
| 2021 | +1.5% | -6.4% | -8.8% |
| 2020 | -50.4% | -5.3% | -8.4% |
| 2019 | -99.8% | -81.5% | -33.8% |
| 2015 | -74.0% | -58.1% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Full Circle Exchange International Inc with a Mission Score of 10 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.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Full Circle Exchange International Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $135K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no compensation was paid to officers, which is a positive aspect regarding cost control and transparency for an organization of its size, especially given its current financial state.
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 Full Circle Exchange International Inc's IRS 990 filings:
- Extreme operational deficit: Revenue of $485 vs. expenses of $135,572 in 2022.
- Drastic decline in revenue: From $3.6 million in 2014 to less than $500 in 2022.
- High liabilities relative to assets: Net assets are minimal ($9,856 in 2022).
- Unsustainable financial model: Consistent expenses far exceeding revenue for several years.
Strengths
The following positive indicators were identified for Full Circle Exchange International Inc:
- No officer compensation reported: 0% officer compensation across all filings indicates good cost control in this area.
- Substantial historical assets: The organization has historically managed significant assets, though current net assets are low.
Frequently Asked Questions about Full Circle Exchange International Inc
Is Full Circle Exchange International Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Full Circle Exchange International Inc (EIN: 201825685) significant concerns. Mission Score: 10/100. 4 red flags identified, 2 strengths noted.
How does Full Circle Exchange International Inc spend its money?
Detailed spending breakdown data is not yet available for Full Circle Exchange International Inc. Check back for updated IRS 990 analysis.
Are donations to Full Circle Exchange International Inc tax-deductible?
Full Circle Exchange International Inc is registered as a tax-exempt nonprofit (EIN: 201825685). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Full Circle Exchange International Inc compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Full Circle Exchange International Inc is below average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Full Circle Exchange International Inc located?
Full Circle Exchange International Inc is headquartered in Eagle, Idaho and files with the IRS under EIN 201825685. It is classified under NTEE code T23.
How many years of IRS 990 filings does Full Circle Exchange International Inc have?
Full Circle Exchange International Inc has 9 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 $485 in total revenue.
What is the current operational status of Full Circle Exchange International Inc. given its minimal revenue?
With revenue of only $485 in 2022 and expenses of $135,572, the organization's current operational activities are unclear. It suggests either a significant reduction in program delivery, a reliance on non-revenue generating activities, or a transition phase.
How are the organization's expenses of over $135,000 being funded with less than $500 in revenue?
The substantial gap between revenue and expenses indicates that the organization is likely drawing down on its existing assets or relying on other non-revenue sources to cover its operational costs, as its liabilities are nearly equal to its assets.
What caused the drastic decline in revenue from $3.6 million in 2014 to under $500 in 2022?
The provided data does not specify the reason for the precipitous drop in revenue. This could be due to a change in funding model, cessation of major programs, or other significant organizational shifts.
Is Full Circle Exchange International Inc. at risk of insolvency given its high liabilities relative to assets and ongoing deficits?
With assets of $1,283,777 and liabilities of $1,273,921 in 2022, the organization has very little net assets. Coupled with consistent operational deficits, its long-term financial viability and risk of insolvency are significant concerns.
Filing History
IRS 990 filing history for Full Circle Exchange International Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Full Circle Exchange International Inc's revenue has declined by 99.9%, moving from $602K to $485. Total assets increased by 5110.1% over the same period, from $25K to $1.3M. Total functional expenses fell by 76.9%, from $588K to $136K. In its most recent filing year (2022), Full Circle Exchange International Inc reported a deficit of $135K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $1.3M in assets (debt-to-asset ratio: 99.2%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $485 | $136K | $1.3M | $1.3M | — | View 990 |
| 2021 | $729 | $163K | $1.4M | $1.3M | — | View 990 |
| 2020 | $718 | $175K | $1.6M | $1.2M | — | View 990 |
| 2019 | $1K | $184K | $1.7M | $1.2M | — | View 990 |
| 2015 | $957K | $998K | $2.6M | $1.3M | — | View 990 |
| 2014 | $3.7M | $2.4M | $2.7M | $1.3M | — | View 990 |
| 2013 | $1.2M | $1.4M | $2.0M | $2.0M | — | View 990 |
| 2012 | $875K | $673K | $450K | $229K | — | View 990 |
| 2011 | $602K | $588K | $25K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $485, expenses of $136K, and assets of $1.3M (revenue -33.5% year-over-year).
- 2021: Revenue of $729, expenses of $163K, and assets of $1.4M (revenue +1.5% year-over-year).
- 2020: Revenue of $718, expenses of $175K, and assets of $1.6M (revenue -50.4% year-over-year).
- 2019: Revenue of $1K, expenses of $184K, and assets of $1.7M (revenue -99.8% year-over-year).
- 2015: Revenue of $957K, expenses of $998K, and assets of $2.6M (revenue -74.0% year-over-year).
- 2014: Revenue of $3.7M, expenses of $2.4M, and assets of $2.7M (revenue +205.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.4M, and assets of $2.0M (revenue +38.1% year-over-year).
- 2012: Revenue of $875K, expenses of $673K, and assets of $450K (revenue +45.4% year-over-year).
- 2011: Revenue of $602K, expenses of $588K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Full Circle Exchange International Inc:
Data Sources and Methodology
This transparency report for Full Circle Exchange 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.