Angel Foundation Inc

Analysis

Angel Foundation Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in May 2004, 22 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, Angel Foundation Inc reported income of $126k and spending of $158k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $126k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Angel Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Brain Injury Association of Delaware ($126k), The Center for Innovation in Family Medicine Inc ($126k) and Alliance Serving Kuna Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.