Angels of Hope USA

Analysis

Angels of Hope USA is a registered charity in United States, based in Lake Elsinore, CA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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, Angels of Hope USA reported income of $113k and spending of $88k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $113k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Angels of Hope USA sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($113k), Storm Lake School District Foundation ($113k) and Utah Down Syndrome Foundation ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $146k against liabilities of $133, net assets of $146k.