Project Angel Hugs

Analysis

Project Angel Hugs is a registered charity in United States, based in Plymouth, WI. It received its IRS tax-exemption ruling in January 2003, 23 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, Project Angel Hugs reported income of $150k and spending of $154k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $158k to $150k (-5.4%), an average of -5.4% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Angel Hugs sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within WI. Charities of a similar size with the same main cause include Angel Works Foundation ($150k), Caring and Sharing Inc ($150k) and Kathys Circle of Friends Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $199k against liabilities of $1,922, net assets of $198k.