Be an Angel Fund Inc

Analysis

Be an Angel Fund Inc is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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 August 2023, Be an Angel Fund Inc reported income of $2.1m and spending of $2.2m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $2.1m (+46%), an average of +9.8% a year. The sharpest change came in the year to August 2022, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Be an Angel Fund Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Georgia Business Council Inc ($2.1m), Poultry Science Association Inc ($2.1m) and Disability Resources Agency for Independent Living ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $144k (6.4% of expenses). Other salaries and wages came to $362k. At year end it held assets of $443k against liabilities of $146k, net assets of $296k. It reported 6 employees.