Angel Foundation LV

Analysis

Angel Foundation LV is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in January 2022, 4 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 2022, Angel Foundation LV reported income of $152k and spending of $105k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $58k to $152k (+159%), an average of +159% a year. The sharpest change came in the year to December 2022, when income rose by 159%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Angel Foundation LV 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 47th percentile, and in the 51st percentile within NV. Charities of a similar size with the same main cause include Community Transportation Development ($152k), Mountain Home Food Basket Inc ($152k) and Eastern Lebanon County High School Educational Foundation ($151k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.