Angelic Ministries International Inc

Analysis

Angelic Ministries International Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 2002, 24 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 December 2023, Angelic Ministries International Inc reported income of $711k and spending of $535k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $711k (+136%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Angelic Ministries International Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Council of Mid-Willamette Valley Society of St Vincent de Paul ($711k), New Life Community Developement Center ($712k) and Lake City Day Care Inc ($711k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 10% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.4m against liabilities of $332k, net assets of $1.0m.