Angelone Inc

Analysis

Angelone Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Angelone Inc reported income of $1.6m and spending of $645k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $236k to $1.6m (+570%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 410%. Over the whole period it spent 46% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Angelone Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Human First Coalition ($1.6m), Cleveland Maidan Association ($1.6m) and Hatch Technologies ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.4m against liabilities of $82k, net assets of $1.3m.