East Texas Angel Network Inc

Analysis

East Texas Angel Network Inc is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in October 1995, 31 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, East Texas Angel Network Inc reported income of $782k and spending of $559k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $438k to $782k (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, East Texas Angel Network Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Mann Charitable Foundation ($782k), Columbia United Jewish Welfare Federation ($783k) and Charles E Kaufman Foundation ($780k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% of the total. Compensation of current officers, directors and key employees was $143k (26% of expenses). Other salaries and wages came to $75k. At year end it held assets of $999k against liabilities of $3,671, net assets of $995k. It reported 3 employees.