Upstate Circle Of Friends
Upstate Circle Of Friends shows consistent asset growth and no reported officer compensation over a decade.
EIN: 204593516 · Greenville, SC · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $252K |
| Transparency Score | 90/100 |
Is Upstate Circle Of Friends Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Upstate Circle Of Friends directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Upstate Circle Of Friends
Upstate Circle Of Friends (EIN: 204593516) is a nonprofit organization based in Greenville, SC, classified under NTEE code P40. The organization reported total revenue of $1.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upstate Circle Of Friends's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Upstate Circle Of Friends is a mid-size nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $959K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-74,299 |
| Total Assets | $698K |
| Total Liabilities | $446K |
| Net Assets | $252K |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 63.9% |
| Months of Reserves | 8.1 months |
Financial Health Grade: C
In 2022, Upstate Circle Of Friends reported a deficit of $74K with expenses exceeding revenue, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 63.9% (high leverage).
Financial Trends
Over 10 years of filings (2012–2022), Upstate Circle Of Friends's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +9.0% | +17.6% | +16.5% |
| 2020 | +12.5% | +0.9% | -6.3% |
| 2019 | -16.0% | -3.2% | -8.0% |
| 2018 | -2.4% | +7.4% | +6.8% |
| 2017 | +33.7% | +9.9% | +27.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2012 |
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 Upstate Circle Of Friends with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Upstate Circle Of Friends allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly commendable for an organization of its size with over $1 million in assets.
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 Upstate Circle Of Friends's IRS 990 filings:
- Occasional periods where expenses exceed revenue, such as in 202212 where expenses were $1,032,827 against revenue of $958,528.
Strengths
The following positive indicators were identified for Upstate Circle Of Friends:
- Consistent asset growth, increasing from $419,228 in 2012 to $1,092,677 currently.
- Zero reported officer compensation across all 10 available IRS 990 filings, indicating high efficiency and dedication to mission.
- Stable revenue generation over a decade, with latest revenue at $1,342,564.
- Low liabilities relative to assets, suggesting good financial solvency (e.g., 202212 assets $698,027 vs liabilities $445,957).
Frequently Asked Questions about Upstate Circle Of Friends
Is Upstate Circle Of Friends a legitimate charity?
Based on AI analysis of IRS 990 filings, Upstate Circle Of Friends (EIN: 204593516) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Upstate Circle Of Friends spend its money?
Upstate Circle Of Friends directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Upstate Circle Of Friends tax-deductible?
Upstate Circle Of Friends is registered as a tax-exempt nonprofit (EIN: 204593516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Upstate Circle Of Friends CEO make?
Upstate Circle Of Friends's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Upstate Circle Of Friends's spending goes to programs?
Upstate Circle Of Friends directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Upstate Circle Of Friends compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Upstate Circle Of Friends is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Upstate Circle Of Friends located?
Upstate Circle Of Friends is headquartered in Greenville, South Carolina and files with the IRS under EIN 204593516. It is classified under NTEE code P40.
How many years of IRS 990 filings does Upstate Circle Of Friends have?
Upstate Circle Of Friends has 10 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 $1.3M in total revenue.
Is Upstate Circle Of Friends a good charity?
Based on the available financial data, Upstate Circle Of Friends appears to be a good charity. It demonstrates strong financial management with growing assets, consistent revenue streams, and notably, 0% officer compensation reported across all filings, suggesting a high dedication to its mission.
How has Upstate Circle Of Friends' financial health changed over time?
The organization's financial health has generally improved, with assets growing from $419,228 in 2012 to $1,092,677 currently. While there are periods where expenses slightly exceeded revenue (e.g., 202212 with $1,032,827 expenses vs $958,528 revenue), the overall trend shows stability and growth in its resource base.
What is the organization's approach to executive compensation?
Upstate Circle Of Friends has consistently reported 0% officer compensation in all available IRS 990 filings, indicating that its officers do not receive salaries from the organization. This is a strong indicator of financial prudence and a focus on mission-related spending.
Filing History
IRS 990 filing history for Upstate Circle Of Friends showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2022), Upstate Circle Of Friends's revenue has grown by 21.6%, moving from $788K to $959K. Total assets increased by 66.5% over the same period, from $419K to $698K. Total functional expenses rose by 41.3%, from $731K to $1.0M. In its most recent filing year (2022), Upstate Circle Of Friends reported a deficit of $74K, with expenses exceeding revenue. The organization holds $446K in liabilities against $698K in assets (debt-to-asset ratio: 63.9%), resulting in net assets of $252K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $959K | $1.0M | $698K | $446K | — | View 990 |
| 2020 | $879K | $878K | $599K | $595K | — | View 990 |
| 2019 | $781K | $870K | $639K | $636K | — | View 990 |
| 2018 | $930K | $899K | $695K | $363K | — | View 990 |
| 2017 | $954K | $837K | $651K | $350K | — | View 990 |
| 2016 | $713K | $761K | $509K | $326K | — | View 990 |
| 2015 | $794K | $772K | $526K | $295K | — | View 990 |
| 2014 | $797K | $794K | $513K | $304K | — | View 990 |
| 2013 | $654K | $501K | $540K | $334K | — | View 990 |
| 2012 | $788K | $731K | $419K | $366K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $959K, expenses of $1.0M, and assets of $698K (revenue +9.0% year-over-year).
- 2020: Revenue of $879K, expenses of $878K, and assets of $599K (revenue +12.5% year-over-year).
- 2019: Revenue of $781K, expenses of $870K, and assets of $639K (revenue -16.0% year-over-year).
- 2018: Revenue of $930K, expenses of $899K, and assets of $695K (revenue -2.4% year-over-year).
- 2017: Revenue of $954K, expenses of $837K, and assets of $651K (revenue +33.7% year-over-year).
- 2016: Revenue of $713K, expenses of $761K, and assets of $509K (revenue -10.1% year-over-year).
- 2015: Revenue of $794K, expenses of $772K, and assets of $526K (revenue -0.4% year-over-year).
- 2014: Revenue of $797K, expenses of $794K, and assets of $513K (revenue +21.9% year-over-year).
- 2013: Revenue of $654K, expenses of $501K, and assets of $540K (revenue -17.1% year-over-year).
- 2012: Revenue of $788K, expenses of $731K, and assets of $419K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Upstate Circle Of Friends:
Data Sources and Methodology
This transparency report for Upstate Circle Of Friends 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.