Forgotten Angels Foundation

Analysis

Forgotten Angels Foundation is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2022, Forgotten Angels Foundation reported income of $802k and spending of $868k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.5m to $802k (-46%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 226%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Forgotten Angels Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Allapattah Community Housing Inc ($801k), Nak Union ($802k) and Habitat for Humanity International Inc ($801k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 26% of the total. Other salaries and wages came to $103k. It paid $391 in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $697k, net assets of $4.5m. It reported 50 employees.