Angel Ministries

Analysis

Angel Ministries is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Angel Ministries reported income of $14.8m and spending of $1.3m, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $14.8m (+1290%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 1161%. Over the whole period it spent 30% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Angel Ministries sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Barry & Florence Friedberg Jewish Community Center ($14.6m), Gods World Publications Inc ($14.9m) and New Song Ministries Inc ($14.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $104k (8.1% of expenses). Other salaries and wages came to $540k. At year end it held assets of $18.5m against liabilities of $67k, net assets of $18.4m. It reported 16 employees.