Angel Charities Inc
- Assets
- $45.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Old Lyme, CT
- Founding
- 08/2016
- Data as of
- 11/2023
- EIN
- 47-2608324
Organization Overview
Angel Charities Inc is located in Old Lyme, CT. The organization was established in 2016. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angel Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, Angel Charities Inc generated $81.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $94.4k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION CONDUCTS AN ANNUAL ANGEL RIDEBICYCLE FUNDRAISING EVENT. THE PROCEEDS WERE USED TOPROVIDE FINANCIAL SUPPORT TO THE ARTHUR C LUF CHILDREN'S BURN CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Pandiani President, Treasurer | 1.25 | $0 | |
Lynn Mccarthy Emeritus | 2 | $0 | |
Fred Brooke Director | 1.25 | $0 | |
Lynn Pandiani Managing Director | 1.25 | $0 | |
Chris Ashby Director | 1.25 | $0 | |
Nancy Chupak Secretary | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,612 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$5,589 |
| Other Revenue | $0 |
| Total Revenue | $81,023 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,371 |
| Occupancy, rent, utilities, and maintenance | $7,097 |
| Printing, publications, postage, and shipping | $864 |
| Other expenses | $7,103 |
| Total expenses | $94,435 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,063 |
| Other assets | $0 |
| Total assets | $45,888 |
| Total liabilities | $0 |
| Net assets or fund balances | $45,888 |