Angelacares Inc

Analysis

Angelacares Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in June 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, Angelacares Inc reported income of $530k and spending of $250k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $321k to $530k (+65%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Angelacares Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Bridges Child Placement Agency ($530k), Mateel Community Center ($530k) and Nurturing Center Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $60k (24% of expenses). Other salaries and wages came to $19k. At year end it held assets of $378k against liabilities of $25k, net assets of $353k. It reported 3 employees.