Circulate Initiative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 6,540,474 | 1,616,964 | 4,923,510 | 36.5 | 0% |
| 2020 | 3,202,863 | 4,000,724 | −797,861 | 7.1 | 5% |
| 2021 | 3,893,164 | 3,958,123 | −64,959 | 7.0 | 6% |
| 2022 | 4,096,428 | 3,951,480 | 144,948 | 7.4 | 5% |
| 2023 | 1,364,382 | 2,004,736 | −640,354 | 10.8 | 15% |
In its most recent public year (2023), this organization spent $640,354 more than it brought in. Its reserves stood at about 10.8 months of spending, down from 36.5 in 2019. Staff pay was 15% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Circulate Initiative Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works