Angels of Grace Inc

Analysis

Angels of Grace Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Angels of Grace Inc reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Angels of Grace Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Grant County Unified Community Resource Council Inc ($1.0m), Congruent Lives Inc ($1.0m) and Bridge Receiving Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $121k (11% of expenses). Other salaries and wages came to $208k. At year end it held assets of $191k against liabilities of $203k, net assets of -$12k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.