Angel Fund Inc

Analysis

Angel Fund Inc is a registered charity in United States, based in Hibbing, MN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Angel Fund Inc reported income of $246k and spending of $153k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $246k (+158%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Angel Fund Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Kart 4 Kids Inc ($246k), Cody Stephens Go Big or Go Home Memorial Foundation ($246k) and Truth Love & Counseling Corporation ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $18k (11% of expenses). At year end it held assets of $580k against liabilities of $1,953, net assets of $578k. It reported 1 employees.