Carmel Valley Angel Project Inc

Analysis

Carmel Valley Angel Project Inc is a registered charity in United States, based in Carmel Valley, CA. It received its IRS tax-exemption ruling in November 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carmel Valley Angel Project Inc reported income of $56k and spending of $33k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $56k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carmel Valley Angel Project Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Sakya Charitable Foundation ($56k), Cardinal Dougherty Soccer Alumni ($56k) and Sieler Safehaven Foundation ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.