Halos for Angels Inc

Analysis

Halos for Angels Inc is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in July 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 December 2023, Halos for Angels Inc reported income of $73k and spending of $73k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $73k (+14%), an average of +14% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Halos for Angels Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Nu Alpha Kappa Fraternity Inc ($73k), Chad Wild Myhre Memorial ($73k) and Expressions of Life Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.