Sun Angel Foundation Inc

Analysis

Sun Angel Foundation Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in October 1954, 72 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Sun Angel Foundation Inc reported income of $14.7m and spending of $16.8m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.6m to $14.7m (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sun Angel Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include United Way of Central New Mexico ($14.7m), It Is Written Inc ($14.7m) and Columbus Jewish Foundation ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. At year end it held assets of $37.7m against liabilities of $444k, net assets of $37.2m.