Overview
What is The Giving Circle?
The Giving Circle is an employee-initiated nonprofit organization, situated in Boston, Massachusetts. Its primary mission is to offer financial aid to individuals and families encountering unforeseen crises, such as medical emergencies, catastrophic natural disasters, and home emergencies. Funded by employee payroll deductions and generous sponsorships, The Giving Circle alleviates the financial burden in these challenging situations. During the year, they extended assistance to 78 individuals, providing a total of $1,218,811 in aid. As a supportive community, The Giving Circle responds to and participates in events that provide hope to those in immediate need, embodying its dedication to helping the Suffolk family and its "extended family" in times of significant hardship.
Official website here: www.suffolkgivingcircle.com/
What are the reviews and ratings of this charity?
The Giving Circle has received a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong score of 96% based primarily on its Accountability and Finance metrics. This high rating indicates a commitment to transparency and responsible financial management, with key strengths including a fully independent board and robust financial oversight through an audit and oversight committee.
However, user feedback on Great Nonprofits shows a contrasting perspective. One review expresses frustration regarding the perceived lack of support for individuals not associated with specific organizations. The reviewer describes a negative experience when seeking aid, suggesting that assistance may not be as accessible to the general public as indicated by the organization's claims.
While The Giving Circle demonstrates strong organizational practices and financial integrity, it may need to address concerns related to its outreach and accessibility. Enhancing communication and clarifying eligibility for aid could improve public perception and ensure that its philanthropic efforts reach a broader audience.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Giving Circle legitimate?
The Giving Circle is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Giving Circle submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.suffolkgivingcircle.com/
What is the mission statement of The Giving Circle?
The Giving Circle is an employee-led nonprofit organization aimed at providing support to individuals and families in times of great need. Their mission statement, in essence, is to respond to and participate in events that offer hope to those experiencing immediate hardships. The organization primarily provides financial assistance during medical crises, catastrophic natural events, and home emergencies, stepping in when unforeseen tragedies strike. Funded by employee payroll deductions and generous sponsorship dollars, The Giving Circle helps alleviate the costs associated with such emergencies, extending a helping hand to colleagues and friends in need. In the previous year, they aided 78 individuals, making total payments of $1,218,811.
Official website here: www.suffolkgivingcircle.com/
Who is the CEO of The Giving Circle?
Katherine Maloney is the Director/Trustee (Until May 2022) of The Giving Circle.
Official website here: www.suffolkgivingcircle.com/
What is the revenue of The Giving Circle?
The Giving Circle's revenue in 2022 was $1,516,298.
Official website here: www.suffolkgivingcircle.com/
Who are the executives of The Giving Circle and what are their salaries?
There 137 volunteers at The Giving Circle.
Here are 11 key members and their salaries:
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Official website here: www.suffolkgivingcircle.com/
Where can I find the form 990 for The Giving Circle?
The Giving Circle's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.suffolkgivingcircle.com/
Learn more at the official website: www.suffolkgivingcircle.com/
Mission Statement of The Giving Circle
The Giving Circle is an employee-led nonprofit organization with a mission to extend a helping hand to individuals and families in immediate need. This compassionate entity is dedicated to providing financial assistance during times of great hardship. Funded primarily through employee payroll deductions and generous sponsorship donations, The Giving Circle serves as a vital safety net, alleviating the financial burden caused by medical crises, catastrophic natural disasters, and unforeseen home emergencies. In the recent year, The Giving Circle successfully aided 78 individuals in distress, offering financial relief totaling $1,218,811. By leveraging its resources, this nonprofit plays a crucial role in offering hope and support to those who find themselves in their moment of need.
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Impact
July, 2024
The Giving Circle's impact is significant and tangible, providing hope and financial assistance to individuals and families facing immediate crises. Through employee payroll deductions and generous sponsorships, The Giving Circle has been able to offset the costs of medical crises, natural disasters, and home emergencies for those in need. In the past year, the organization assisted 78 individuals with payments totaling over $1.2 million, demonstrating a direct and meaningful impact on the lives of those in distress. Operating in Boston, MA, The Giving Circle's mission is driven by a dedication to supporting colleagues and friends within the Suffolk family during times of great need.
This information is meant to be a general summary of The Giving Circle. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $2,251,800
Assets and Liabilities:
- Total Assets: $1,857,707
- Total Liabilities: $87,867
- Net Assets: $1,769,840
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Organization Details
Founding Year
1999
Phone
(617) 517-4201Principal Officer
Katherine Maloney
Main Address
65 ALLERTON STREET, BOSTON, MA, 02119
Website
www.suffolkgivingcircle.com/NTEE Category
Code: T30 - Philanthropy
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