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Minnesota · Nonprofit

FULL CIRCLE THEATER COMPANY

FULL CIRCLE THEATER COMPANY (Minnesota) receives grants from 7 organizations whose IRS filings report $480,832 to it, the largest being The McKnight Foundation ($175,000). 5 of them have funded it in more than one year.

$224k
Revenue FY2025
7
Funders on record
$481k
Grants received
$171k
Net assets
5/7 repeat funderspeak grant-dependency 90%

Against its field

FULL CIRCLE THEATER COMPANY has grown faster than three-quarters of the 10,664 arts & culture nonprofits its size.

Operating margin8% · above the median
Months of reserve5.2mo · below the median
Revenue growth (annualized)24% · top quartile

this organization peer median middle 50% of peers· 10,664 arts & culture nonprofits $100k–$1M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($76k) Expenses 100 ($51k) Net assets 100 ($50k)2021 Revenue 189 ($144k) Expenses 129 ($66k) Net assets 255 ($127k)2022 Revenue 190 ($144k) Expenses 301 ($154k) Net assets 234 ($116k)2023 Revenue 377 ($286k) Expenses 442 ($227k) Net assets 353 ($175k)2024 Revenue 280 ($213k) Expenses 559 ($287k) Net assets 203 ($100k)2025 Revenue 295 ($224k) Expenses 403 ($207k) Net assets 345 ($171k)
202020212022202320242025
Revenue (295)Expenses (403)Net assets (345)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2023 14% · 2024 48% · 2025 11%. Grants only. Government contracts and fees sit inside program revenue.

95% of FULL CIRCLE THEATER COMPANY’s revenue is contributions — more reliant on donations than three-quarters of its peers (64% for the typical peer).

This organization
Typical peer · 19,459 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.

$25k
20
$77k
21
$10k
22
$59k
23
$75k
24
$17k
25
5.2
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 4 funders, grant income rose $14k → $91k.

3 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF)42% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FULL CIRCLE THEATER COMPANY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FULL CIRCLE THEATER COMPANY leans on a few funders — its largest provides 36% of grant income and the top three 79%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

43% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FULL CIRCLE THEATER COMPANY.

36%
largest funder
79%
top three
~4
effective funders

Largest funder’s share by year: 2017 63% · 2018 62% · 2019 67% · 2020 100% · 2021 35% · 2022 54% · 2023 34%diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

98% of FULL CIRCLE THEATER COMPANY's grant income comes from Minnesota funders.

MN
FL

In-state vs out-of-state, by year

19
20
21
22
23
Minnesota out of state home

Funder states come from each funder’s own filing. $200k arriving through sponsors registered in 2 statesis excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 7 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like FULL CIRCLE THEATER COMPANY

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

70% of spending goes to programs.

Program 70%Management 30%Fundraising 0%

Governance

8
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Public support

98%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for FULL CIRCLE THEATER COMPANY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FULL CIRCLE THEATER COMPANY?
FULL CIRCLE THEATER COMPANY (Minnesota) receives grants from 7 organizations whose IRS filings report $480,832 to it, the largest being The McKnight Foundation ($175,000). 5 of them have funded it in more than one year.
How many funders does FULL CIRCLE THEATER COMPANY have?
IRS filings report 7 organizations giving $480,832 in grants to FULL CIRCLE THEATER COMPANY, 5 of which have funded it in more than one year.
Who is the largest funder of FULL CIRCLE THEATER COMPANY?
The McKnight Foundation is the largest funder on record, with $175,000 in grants. The full list of funders is on this page.
How can an organization like FULL CIRCLE THEATER COMPANY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 7funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing