Angels Nest TLP

Analysis

Angels Nest TLP is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in February 2012, 14 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, Angels Nest TLP reported income of $470k and spending of $547k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $470k (-66%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 81%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Angels Nest TLP sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Grow Further Club ($470k), Harvest Years Senior Center Inc ($470k) and Anewamerica Community Corporation ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% of the total. Compensation of current officers, directors and key employees was $156k (29% of expenses). Other salaries and wages came to $5,664. At year end it held assets of $1.4m against liabilities of $15k, net assets of $1.3m. It reported 2 employees.