Holy Angels Residential Facility

Analysis

Holy Angels Residential Facility is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Holy Angels Residential Facility reported income of $20.5m and spending of $19.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.9m to $20.5m (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 17%. 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, Holy Angels Residential Facility sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include United Community Independence Programs Inc ($20.5m), Hands on Healing Residential Treatment Center Inc ($20.5m) and Bradford Child Care Services Inc ($20.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Other salaries and wages came to $9.8m. At year end it held assets of $11.8m against liabilities of $2.8m, net assets of $9.0m. It reported 335 employees.