Project Angel Food

Analysis

Project Angel Food is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2023, Project Angel Food reported income of $31.9m and spending of $12.4m, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $31.9m (+424%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 161%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Angel Food sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Colorado Health Network Inc ($31.9m), Waikiki Health ($31.9m) and Plains Hospitals Inc ($31.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $308k (2.5% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $44.4m against liabilities of $6.5m, net assets of $37.9m. It reported 115 employees.