Guardian Angels of Elk River Inc

Analysis

Guardian Angels of Elk River Inc is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in February 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Guardian Angels of Elk River Inc reported income of $8.5m and spending of $3.1m, leaving 63% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $8.5m (+184%), an average of +30% a year. The sharpest change came in the year to September 2023, when income rose by 155%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guardian Angels of Elk River Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include West Haven Community House Assoc Inc ($8.5m), Vita Living Inc ($8.5m) and New Britain Emergency Medical Services Incorporated ($8.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 52% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $524k (17% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $24.6m against liabilities of $3.1m, net assets of $21.5m. It reported 433 employees.