CIRCULATE INITIATIVE INC

NEW YORK, NY, 10165-0057 (646) 783-1943 Est. 2018 EIN 83-4505154
C01— Environment Form 990 501(c)(3)
WWW.THECIRCULATEINITIATIVE.ORG

Mission

THE ORGANIZATION'S PURPOSE IS TO TARGET THE REDUCTION OF OCEAN PLASTICS AND RELATED ENVIRONMENTAL POLLUTION AND COMBATTING ENVIRONMENTAL DETERIORATION BY CONDUCTING ACTIVITY IN SOUTH AND SOUTH EAST ASIA THROUGH THREE OF ITS CORE STRATEGIES: INCUBATION AND TECHNICAL ASSISTANCE; IMPACT MEASUREMENT AND KNOWLEDGE MANAGEMENT; AND AMPLIFICATION AND AWARENESS BUILDING IN FURTHERANCE OF THE SOCIAL AND ENVIRONMENTAL IMPACTS OF REDUCING THE AMOUNT OF PLASTIC ENTERING THE ENVIRONMENT AND CREATING ECONOMIC VALUE FOR MARGINALIZED LOCAL COMMUNITIES.

Giving Portfolio

Total Grants
3
Total Giving
$127K
Recipients
3
Years Active
2022 - 2023
Avg grant: $36,115 Median: $36,115

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20231$17K $17K01
20222$110K $55K20

Sectors Funded

Education
2

Top States

Georgia
2
Michigan
1

Grantee Size Profile

Over $50M
2

Top Grantees

RESOURCE RECYCLING SYSTEMS INC
MI
$10K

Grants Awarded · 2 grants

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Financials

Total Revenue
$1,974,077
Total Expenses
$2,510,477
Net Assets
$1,267,416
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
6.1 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 44.7%
Expenses ↑ 25.2%
Revenue Sources
Contributions 88.1% Earned revenue 10.2% Investment 1.8%
Expense Breakdown
Program 87.3% Management 12.7%

Officers & Trustees (6)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990
Jan 1, 2024 to Dec 31, 2024
$1,974,077 $2,510,477$1,267,416
2024 Form 990
Jan 1, 2024 to Dec 31, 2024
$1,974,077 $2,510,477$1,267,416
2023 Form 990
Jan 1, 2023 to Dec 31, 2023
$1,364,382 $2,004,736$1,803,816
2022 Form 990
Jan 1, 2022 to Dec 31, 2022
$4,096,428 $3,951,480$2,444,170
2020 Form 990
Jan 1, 2020 to Dec 31, 2020
$3,202,863 $4,000,724$2,364,181
2019 Form 990
Jan 1, 2019 to Dec 31, 2019
$6,540,474 $1,616,964$4,923,510

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EIN: 83-4505154 · Source: IRS Form 990 e-file data