Homeless Angels Inc

Analysis

Homeless Angels Inc is a registered charity in United States, based in Williamston, MI. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Homeless Angels Inc reported income of $442k and spending of $494k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $706k to $442k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 78%. 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, Homeless Angels Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include A Debt Coach Credit Counseling Service Inc ($442k), Little Brothers Friends of the Elderly Upper Michigan Foundation ($442k) and Odessa Links Inc ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Other salaries and wages came to $197k. At year end it held assets of $1.3m against liabilities of $8,455, net assets of $1.2m. It reported 12 employees.