Precious Angels

Analysis

Precious Angels is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Precious Angels reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precious Angels sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Lutheran Family Service ($1.8m), National Alliance for Partnerships in Equity Education Foundation Inc ($1.8m) and Homes Not Borders Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $206k (12% of expenses). Other salaries and wages came to $628k. At year end it held assets of $226k against liabilities of $267k, net assets of -$41k. It reported 31 employees.