Guardian Angels Homes Inc

Analysis

Guardian Angels Homes Inc is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in October 1979, 47 years ago. 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 September 2023, Guardian Angels Homes Inc reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $968k to $1.2m (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guardian Angels Homes Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Trinity Health Foundation ($1.2m), Manufacturing Renaissance ($1.2m) and Brethren Housing Association ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Other salaries and wages came to $226k. At year end it held assets of $1.3m against liabilities of $3.1m, net assets of -$1.8m.