Holy Angels Services Inc

Analysis

Holy Angels Services Inc is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Holy Angels Services Inc reported income of $9.8m and spending of $10.0m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.9m to $9.8m (+43%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Angels Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Big Brothers and Big Sisters of New York City Inc ($9.8m), For All Seasons Inc ($9.8m) and Habitat for Humanity International Inc ($9.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 79% of the total. At year end it held assets of $11.9m against liabilities of $10.0m, net assets of $1.9m.