Angels on the Bay Inc

Analysis

Angels on the Bay Inc is a registered charity in United States, based in Floral Park, NY. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Angels on the Bay Inc reported income of $205k and spending of $163k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $140k to $205k (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 253%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Angels on the Bay Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Ann Arbor Spark Foundation ($205k), Maki International ($205k) and HTTP ($205k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $35k (21% of expenses). At year end it held assets of $78k against liabilities of $1,627, net assets of $76k. It reported 1 employees.