Angels Share Inc

Analysis

Angels Share Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Angels Share Inc reported income of $269k and spending of $251k, spending 93% of its income. Across the 2 years on record, from December 2020 to December 2022, income fell from $471k to $269k (-43%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Angels Share Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Society for the Study of Amphibian and Reptiles ($269k), Museum of Work and Culture Preservation Foundation ($269k) and Tri-County Arts Council Inc ($269k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12k (4.8% of expenses). Other salaries and wages came to $42k. At year end it held assets of $33k against liabilities of $12k, net assets of $20k.