Waycoolangels Inc

Analysis

Waycoolangels Inc is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Waycoolangels Inc reported income of $239k and spending of $278k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $248k to $239k (-3.5%), an average of -0.9% a year. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Waycoolangels Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Church Prayer Leaders Network Inc ($239k), Phuoc Binh Monastery ($239k) and Love Reality Inc ($239k).

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 $16k (5.7% of expenses). At year end it held assets of $138k against liabilities of $0, net assets of $138k. It reported 1 employees.