Angeline Industries Inc

Analysis

Angeline Industries Inc is a registered charity in United States, based in Upper Sandsky, OH. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Angeline Industries Inc reported income of $736k and spending of $684k, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2024, income grew from $514k to $736k (+43%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Angeline Industries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Appalachian Ohio Manufacturers Coalition ($736k), Teachers Supporting Teachers ($736k) and Meals on Wheels of Lamoille County Inc ($735k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $69k (10% of expenses). Other salaries and wages came to $334k. At year end it held assets of $817k against liabilities of $18k, net assets of $799k. It reported 37 employees.