Holy Angels Foundation Inc

Analysis

Holy Angels Foundation Inc is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in October 2015, 11 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 June 2024, Holy Angels Foundation Inc reported income of $5.1m and spending of $2.7m, leaving 47% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.7m to $5.1m (-11%), an average of -2.4% a year. The sharpest change came in the year to June 2021, when income rose by 120%. Over the whole period it spent 55% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Holy Angels Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Uta of KJ SC Inc ($5.1m), 21st Century Ministries Inc ($5.1m) and The Relevate Group Inc ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% of the total. At year end it held assets of $36.0m against liabilities of $15k, net assets of $36.0m.