Angels Flight Railway Foundation

Analysis

Angels Flight Railway Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1997, 29 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 December 2023, Angels Flight Railway Foundation reported income of $61k and spending of $26k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $10 to $61k (+612560%), an average of +612560% a year. The sharpest change came in the year to December 2023, when income rose by 612560%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Angels Flight Railway Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Greater Houston Community Foundatio ($61k), Sheboygan Blue Line Charitable Foundation Inc ($61k) and Pile of Puppies ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.