Project Angel Heart

Analysis

Project Angel Heart is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Project Angel Heart reported income of $8.8m and spending of $6.9m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.8m to $8.8m (+85%), an average of +17% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Project Angel Heart sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Spokane Area Workforce Development Council ($8.8m), 43north BPC Inc ($8.8m) and Superior Direct Care Inc ($8.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $203k (2.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $11.4m against liabilities of $707k, net assets of $10.6m. It reported 54 employees.