Circles Lexington County Inc

Nonprofit profile at a glance

EIN
834339484
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
Lexington, SC, USA
Phone
8034900181
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Leadership Development

Reported finances

Revenue
$151,065
Expenses
$118,919
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MICHELE SMITH (PRESIDENT)
  • TOM FITTS (VICE PRESIDENT)
  • JANIS ALBERGOTTI (EXECUTIVE DIRECTOR)

People named in this filing

  • ROBIN HONEG (MEMBER)
  • JANE WATERS (MEMBER)
  • SHANE JOHNSON (MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of circles lexington county is to assist the poor in navigating out of poverty in lexington county by focusing on what individuals can do to change their situation and on what the community can do to remove barriers that stand in their way.

What it reported doing in 2024

Circles lexington county was created as a local chapter of the national circles campaign. Circles is an innovative, community-driven way to solve poverty. The circles approach combines best practices in several disciplines including community organizing, case management, grassroots leadership, goal setting, financial literacy, mentoring, peer-to-peer counseling and learning, and child/youth development.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 100
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.7%; rating input score 74
  • Program expense ratio: 93.6%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 21.3%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 65%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -39.8% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -17.9% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -11% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 73.7% of revenue deployed · 93.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $111K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.