Angel Care Homes Inc

Analysis

Angel Care Homes Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2010, 16 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, Angel Care Homes Inc reported income of $302k and spending of $323k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $302k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Angel Care Homes Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Community Credit Lab ($302k), Ship Creek Community Assets I ($302k) and G & J Johnson Foster Home Foundation No 1 Inc ($302k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $239k. At year end it held assets of $166k against liabilities of $32k, net assets of $134k. It reported 8 employees.