Angel Ridge Inc

Analysis

Angel Ridge Inc is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Angel Ridge Inc reported income of $554k and spending of $569k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $453k to $554k (+22%), an average of +5.2% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Angel Ridge 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 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Single Cause Single Cure ($554k), Global Parents for Eczema Research ($554k) and Chase Richards Foundation ($554k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $135k. At year end it held assets of $1.3m against liabilities of $51k, net assets of $1.2m.