Angel Charities Inc
- Assets
- $59.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Old Lyme, CT
- Founding
- 08/2016
- Data as of
- 11/2022
- 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 11/2022, Angel Charities Inc generated $106.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $91.0k during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (18.4%) per year over the past 7 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
2022
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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PDF Copies of 990 Filings
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 | |
Amy O'connor Director | 1.25 | $0 | |
Lynn Pandiani Director | 1.25 | $0 | |
Chris Ashby Director | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,791 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$7,023 |
| Other Revenue | $0 |
| Total Revenue | $106,768 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39 |
| Professional fees and other payments to independent contractors | $1,464 |
| Occupancy, rent, utilities, and maintenance | $7,022 |
| Printing, publications, postage, and shipping | $713 |
| Other expenses | $10,118 |
| Total expenses | $91,006 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,475 |
| Other assets | $0 |
| Total assets | $59,300 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Angel Charities Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The@milton And Dorothy Sarnoff Raymond Foundation Williamstown, MA PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |
New York Foundling Charitable Corporation New York, NY | $0 | $3,656,772 |
Al Sigl Center For Rehabilitation Agencies Inc Rochester, NY | $54,423,589 | $5,794,950 |
St Anns Foundation Inc Rochester, NY | $59,915,340 | $4,860,702 |
Templeton Foundation Cooperstown, NY | $47,757,464 | $7,194,400 |
Israel Healthcare Foundation New York, NY | $6,879,692 | $6,486,334 |
Valley Health Systems Inc Holyoke, MA | $11,549,744 | $5,011,526 |
Metropolitan Jewish Health System Foundation Brooklyn, NY | $130,693,445 | $11,214,226 |
Health Foundation Of Central Massachusetts Inc Worcester, MA | $98,619,002 | $8,039,753 |