Island Angels Ltd

Analysis

Island Angels Ltd is a registered charity in United States, based in Washington Is, WI. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Island Angels Ltd reported income of $117k and spending of $88k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $237k to $117k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Island Angels Ltd sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within WI. Charities of a similar size with the same main cause include Smokestack Theatre Company ($117k), Bowery Artists Inc ($117k) and Rock Rising Productions ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.