Angelus Inc

Analysis

Angelus Inc is a registered charity in United States, based in Hudson, FL. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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 September 2022, Angelus Inc reported income of $3.2m and spending of $3.8m, spending 121% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income grew from $2.7m to $3.2m (+15%), an average of +4.8% a year. The sharpest change came in the year to September 2022, when income rose by 26%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Angelus Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.2m), Bush Tennis Center ($3.2m) and Boys & Girls Club of Monmouth County ($3.2m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 34% and program service revenue 55% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $6.4m against liabilities of $100k, net assets of $6.3m. It reported 50 employees.