Angelwood Inc

Analysis

Angelwood Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 1994, 32 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 September 2023, Angelwood Inc reported income of $3.5m and spending of $4.4m, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.5m to $3.5m (+0.6%), an average of +0.1% a year. The sharpest change came in the year to September 2023, when income dropped by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Angelwood Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include New Beginnings for Tomorrow Inc ($3.5m), Farm Rescue ($3.5m) and Moving Out Inc ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 76% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $3.9m against liabilities of $1.6m, net assets of $2.3m. It reported 128 employees.