Friends of Be an Angel Inc

Analysis

Friends of Be an Angel Inc is a registered charity in United States, based in Mequon, WI. It received its IRS tax-exemption ruling in July 2022, 4 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, Friends of Be an Angel Inc reported income of $42.7m and spending of $43.0m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $607k to $42.7m (+6936%), an average of +6936% a year. The sharpest change came in the year to December 2023, when income rose by 6936%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Be an Angel Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include American Jewish World Service Inc ($42.7m), Planet Aid Inc ($42.9m) and Salvadoran American Humanitarian Foundation Inc ($42.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $15k (0.0% of expenses). It paid $28k in professional fundraising fees. At year end it held assets of $143k against liabilities of $631, net assets of $142k.