Angel Street Inc

Analysis

Angel Street Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Angel Street Inc reported income of $481k and spending of $587k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $339k to $481k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2020, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Angel Street Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Swingpals Inc ($481k), Opportunity Scholars ($481k) and Soccer Unity Project Inc ($480k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $71k (12% of expenses). Other salaries and wages came to $253k. At year end it held assets of $325k against liabilities of $11k, net assets of $314k. It reported 9 employees.