Angel Care Child Care Inc

Analysis

Angel Care Child Care Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in July 2009, 17 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, Angel Care Child Care Inc reported income of $572k and spending of $715k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $681k to $572k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. 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, Angel Care Child Care Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include The Liberation Foundation ($572k), Neighborhood Depot Inc ($572k) and Prineville Senior Center Charitable Trust ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $63k (8.8% of expenses). Other salaries and wages came to $482k. At year end it held assets of $204k against liabilities of $18k, net assets of $186k. It reported 28 employees.