Overview
What is Circle Of Faith Inc?
Circle of Faith Inc, located in Medford, Wisconsin, is a nonprofit organization that focuses on providing essential items and assistance to those in need. They primarily collect donations of clothing and household furnishings through various channels, such as churches, media, and word of mouth. These donations are then sorted and displayed in their thrift store, where they are sold at affordable prices. In response to requests from individuals struggling financially, Circle of Faith Inc evaluates their ability to pay and provides free merchandise, reduced prices, or direct cash payment for food and lodging. Additionally, they make referrals to local service organizations or the local social service office to ensure comprehensive support. During the fiscal year, approximately 8,000 people visited their thrift store. With a team of 30 dedicated employees, Circle of Faith Inc works tirelessly to uplift their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating.
Circle Of Faith Inc has received a Two-Star rating based on its overall score of 60%. The organization demonstrates strengths in certain areas, notably a strong program expense ratio of 86.56%, indicating that a significant portion of its funds is directed towards its programs. Additionally, there is no material diversion of assets reported, which reflects positively on its financial integrity. However, key areas for improvement include the absence of independent board members, missing financial statements, and a lack of posted tax forms on its website.
User feedback from Great Nonprofits highlights a positive community impact, as evidenced by a user's experience in crafting items for donation, showcasing how the organization facilitates local charitable efforts. The community member expressed gratitude for the nonprofit's affordable resources, enabling them to contribute to their community during the holiday season. Nonetheless, while individual experiences can be positive, the absence of critical governance documentation and independent oversight raises some concerns regarding transparency and accountability.
Overall, while Circle Of Faith Inc is making commendable contributions to the community, potential donors and volunteers should consider the organization's financial practices and governance structure when assessing its overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Circle Of Faith Inc legitimate?
Circle Of Faith Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Circle Of Faith Inc 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:
Executive Compensation: $138,698
Professional Fundraising Fees: $0
Other Salaries and Wages: $277,019
For more financial information, click here
What is the mission statement of Circle Of Faith Inc?
Circle of Faith Inc's mission involves collecting donations of clothing and household furnishings through various sources. These items are then sorted and sold at affordable prices in their thrift store. The organization extends aid to those in need by evaluating their financial situation and providing free merchandise, reduced prices, or direct cash payments for food and lodging. In addition, Circle of Faith Inc makes referrals to local service organizations or social service offices to assist individuals further. Their primary objective is to support those in need by providing essential items and resources.
What is the revenue of Circle Of Faith Inc?
Circle Of Faith Inc's revenue in 2023 was $681,413.
Who are the executives of Circle Of Faith Inc and what are their salaries?
The average compensation at Circle Of Faith Inc during 2023 was $11,878. There are 35 employees and 4 volunteers at Circle Of Faith Inc.
Here are 6 key members and their salaries:
- Compensation: $71,450
- Related: $0
- Other: $0
- Compensation: $34,229
- Related: $0
- Other: $0
- Compensation: $6,459
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $14,734
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
Where can I find the form 990 for Circle Of Faith Inc?
Circle Of Faith Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Circle Of Faith Inc
Circle of Faith Inc, a nonprofit organization, focuses on collecting donations of clothing and household furnishings through various channels such as churches, media, and word of mouth. These items are then sorted and displayed in their thrift store, available for purchase at affordable prices. In response to requests from individuals in need of clothing, food, and lodging, Circle of Faith Inc evaluates their ability to pay and provides free merchandise, discounted prices, or direct cash assistance for food and lodging. Additionally, the organization makes referrals to local service organizations or the local social service office, offering a range of support to those in need.
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Impact
July, 2024
Circle Of Faith Inc has a significant impact on the community by providing essential support to those in need. Through their thrift store, they offer clothing and household items at affordable prices, ensuring that even individuals with limited resources can access basic necessities. Additionally, their evaluation process allows for free merchandise, reduced prices, or direct cash payments for food and lodging for those facing financial hardships. By making referrals to local service organizations and social service offices, Circle Of Faith Inc plays a crucial role in connecting individuals with additional support services. With approximately 8,000 visitors to their thrift store in a fiscal year, Circle Of Faith Inc's efforts have tangible and widespread benefits in Medford, WI.
This information is meant to be a general summary of Circle Of Faith Inc. 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 2023.
- Investment Income: $1,490
- Gross Receipts: $1,358,858
Assets and Liabilities:
- Total Assets: $910,188
- Total Liabilities: $56,990
- Net Assets: $853,198
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Organization Details
Founding Year
1991
Principal Officer
Shanna Kestler
NTEE Category
Code: P60 - Human services
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