Angels Place

Analysis

Angels Place is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in February 1993, 33 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 June 2024, Angels Place reported income of $12.5m and spending of $10.9m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.1m to $12.5m (+54%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Angels Place sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Kieve-Wavus Education Inc ($12.5m), Southeastern North Dakota Community Action Agency ($12.5m) and The William H Miner Agricultural Research Institute ($12.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $345k (3.2% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $26.0m against liabilities of $765k, net assets of $25.2m. It reported 232 employees.