Angel Fund Inc

Analysis

Angel Fund Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Angel Fund Inc reported income of $702k and spending of $787k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $961k to $702k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Angel Fund Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include True Vineyard Ministries Inc ($702k), Greater Piedmont Challenge Teen Challange Inc ($702k) and Health Care Access ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. At year end it held assets of $3.1m against liabilities of $94k, net assets of $3.0m.