The Angel Band Project

Analysis

The Angel Band Project is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 2012, 14 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 December 2023, The Angel Band Project reported income of $241k and spending of $268k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $324k to $241k (-26%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Angel Band Project sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within MO. Charities of a similar size with the same main cause include Love Xyz Inc ($241k), West Side Avenue Special Improvement District a NJ Nonprofi ($241k) and Loyola ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $64k (24% of expenses). Other salaries and wages came to $72k. At year end it held assets of $462k against liabilities of $0, net assets of $462k. It reported 3 employees.