Angels Giving Back

Analysis

Angels Giving Back is a registered charity in United States, based in Lincoln, RI. It received its IRS tax-exemption ruling in March 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Angels Giving Back reported income of $222k and spending of $237k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $34k to $222k (+551%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 4299%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Angels Giving Back sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 52nd percentile within RI. Charities of a similar size with the same main cause include DMW Volunteer Fire Department Inc ($222k), Denise Marie Flaherty Memorial Foundation Inc ($222k) and Family Promise Chicago North Shore ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.