Fanangel Foundation Inc

Analysis

Fanangel Foundation Inc is a registered charity in United States, based in Morro Bay, CA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Fanangel Foundation Inc reported income of $3.0m and spending of $3.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.0m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fanangel Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Boy Scouts of America ($2.9m), Pathways Early Education Center of Immokalee Inc ($3.0m) and Palmetto Project Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.