Forgotten Angels Inc

Analysis

Forgotten Angels Inc is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in December 2001, 25 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 August 2023, Forgotten Angels Inc reported income of $8.0m and spending of $8.2m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.4m to $8.0m (+7.2%), an average of +1.7% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forgotten Angels Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Duvall Homes Inc ($8.0m), Boys and Girls Country of Houston Inc ($8.0m) and Equal Heart ($7.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $125k (1.5% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $789k against liabilities of $110k, net assets of $679k. It reported 189 employees.