Angel Hair Foundation Inc

Analysis

Angel Hair Foundation Inc is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in February 2007, 19 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 June 2023, Angel Hair Foundation Inc reported income of $250k and spending of $205k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $191k to $250k (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 394%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Angel Hair Foundation Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OR. Charities of a similar size with the same main cause include Hope for Families Inc ($250k), Pampa Meals on Wheels Inc ($250k) and Angel Heart Pajama Project ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 162% of the total. Other salaries and wages came to $68k. At year end it held assets of $1.1m against liabilities of $1,758, net assets of $1.1m. It reported 1 employees.