Alstrom Angels Corp

Analysis

Alstrom Angels Corp is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Alstrom Angels Corp reported income of $443k and spending of $238k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $499k to $443k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 25% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alstrom Angels Corp sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Hope Springs Counseling Center ($443k), Covenant Counseling Ministries Inc ($443k) and Once Trece Foundation Corp ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $28k (12% of expenses). Other salaries and wages came to $46k. At year end it held assets of $3.6m against liabilities of $975k, net assets of $2.6m. It reported 31 employees.