San Angelo Area Foundation

Analysis

San Angelo Area Foundation is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, San Angelo Area Foundation reported income of $25.0m and spending of $15.4m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.5m to $25.0m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, San Angelo Area Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Greater Salina Community Foundation ($24.9m), Community Foundation of Abilene ($25.0m) and Daughters of Miriam Foundation Inc ($24.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $231k (1.5% of expenses). Other salaries and wages came to $510k. At year end it held assets of $241.4m against liabilities of $73.5m, net assets of $168.0m. It reported 7 employees.