Two Angels Foundation Inc

Analysis

Two Angels Foundation Inc is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in February 2006, 20 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 December 2023, Two Angels Foundation Inc reported income of $358k and spending of $199k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $836k to $358k (-57%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 31% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Two Angels Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Water From Wine ($358k), Eugene & Jeanne Savage Scholarship Fund ($359k) and Burlington Community Fund Ltd ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.