Angel Capital Association
Angel Capital Association shows consistent revenue with recent operational deficits and no reported officer compensation.
EIN: 203398404 · Overland Park, KS · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $139K |
| Transparency Score | 75/100 |
Is Angel Capital Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Angel Capital Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Angel Capital Association
Angel Capital Association (EIN: 203398404) is a nonprofit organization based in Overland Park, KS, classified under NTEE code S41. The organization reported total revenue of $1.2M and total assets of $288K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Angel Capital Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Angel Capital Association is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-46,787 |
| Total Assets | $633K |
| Total Liabilities | $494K |
| Net Assets | $139K |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 78.0% |
| Months of Reserves | 7.2 months |
Financial Health Grade: C
In 2023, Angel Capital Association reported a deficit of $47K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 78.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Angel Capital Association's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.2% | +9.8% | -0.6% |
| 2022 | +10.7% | +27.3% | +33.9% |
| 2021 | -7.9% | -12.8% | +12.4% |
| 2020 | -11.8% | -16.6% | +16.9% |
| 2019 | -1.9% | -2.0% | -7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Angel Capital Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Angel Capital Association allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.0%.
Executive Compensation Analysis
The Angel Capital Association consistently reports 0% officer compensation across all available filings, indicating that its leadership is either uncompensated or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with annual revenues exceeding $1 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Angel Capital Association's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 202306, 202206, 201906, 201806, 201706, 201406) where expenses exceeded revenue.
- Significant increase in liabilities from $178,917 in 201906 to $494,183 in 202306, which could indicate growing financial obligations.
Strengths
The following positive indicators were identified for Angel Capital Association:
- Strong transparency regarding executive compensation, consistently reporting 0% officer compensation.
- Growing asset base, increasing from $362,226 in 201906 to $633,274 in 202306, indicating some financial growth.
- Consistent revenue generation, generally maintaining over $900,000 annually over the past decade.
Frequently Asked Questions about Angel Capital Association
Is Angel Capital Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Angel Capital Association (EIN: 203398404) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Angel Capital Association spend its money?
Angel Capital Association directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Angel Capital Association tax-deductible?
Angel Capital Association is registered as a tax-exempt nonprofit (EIN: 203398404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Angel Capital Association CEO make?
Angel Capital Association's highest-compensated officer earns $1 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Angel Capital Association's spending goes to programs?
Angel Capital Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Angel Capital Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Angel Capital Association is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Angel Capital Association located?
Angel Capital Association is headquartered in Overland Park, Kansas and files with the IRS under EIN 203398404. It is classified under NTEE code S41.
How many years of IRS 990 filings does Angel Capital Association have?
Angel Capital Association has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Is Angel Capital Association financially stable given recent deficits?
While the ACA has experienced operational deficits in recent years (e.g., 202306 with expenses exceeding revenue by $46,787), its asset base has grown from $362,226 in 201906 to $633,274 in 202306, suggesting some underlying financial resilience. However, sustained deficits could impact long-term stability.
How does Angel Capital Association manage its liabilities?
The organization's liabilities have increased significantly, from $178,917 in 201906 to $494,183 in 202306. This growth in liabilities relative to assets (which also grew) warrants further investigation to understand the nature of these obligations and their management.
What is the reason for 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this revenue size. It suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within the 990, which would require more detailed financial statements to clarify.
Filing History
IRS 990 filing history for Angel Capital Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Angel Capital Association's revenue has grown by 93.4%, moving from $523K to $1.0M. Total assets increased by 38.3% over the same period, from $458K to $633K. Total functional expenses rose by 116.3%, from $489K to $1.1M. In its most recent filing year (2023), Angel Capital Association reported a deficit of $47K, with expenses exceeding revenue. The organization holds $494K in liabilities against $633K in assets (debt-to-asset ratio: 78.0%), resulting in net assets of $139K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $633K | $494K | — | View 990 |
| 2022 | $902K | $964K | $637K | $452K | — | View 990 |
| 2021 | $815K | $758K | $476K | $228K | — | View 990 |
| 2020 | $885K | $869K | $423K | $224K | — | View 990 |
| 2019 | $1.0M | $1.0M | $362K | $179K | — | View 990 |
| 2018 | $1.0M | $1.1M | $393K | $172K | — | View 990 |
| 2017 | $986K | $1.0M | $346K | $85K | — | View 990 |
| 2016 | $1.1M | $1.0M | $418K | $94K | — | View 990 |
| 2015 | $961K | $943K | $388K | $88K | — | View 990 |
| 2014 | $840K | $938K | $401K | $119K | — | View 990 |
| 2013 | $738K | $757K | $432K | $53K | — | View 990 |
| 2012 | $523K | $489K | $458K | $60K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $633K (revenue +12.2% year-over-year).
- 2022: Revenue of $902K, expenses of $964K, and assets of $637K (revenue +10.7% year-over-year).
- 2021: Revenue of $815K, expenses of $758K, and assets of $476K (revenue -7.9% year-over-year).
- 2020: Revenue of $885K, expenses of $869K, and assets of $423K (revenue -11.8% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $362K (revenue -1.9% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $393K (revenue +3.8% year-over-year).
- 2017: Revenue of $986K, expenses of $1.0M, and assets of $346K (revenue -7.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $418K (revenue +10.7% year-over-year).
- 2015: Revenue of $961K, expenses of $943K, and assets of $388K (revenue +14.5% year-over-year).
- 2014: Revenue of $840K, expenses of $938K, and assets of $401K (revenue +13.7% year-over-year).
- 2013: Revenue of $738K, expenses of $757K, and assets of $432K (revenue +41.2% year-over-year).
- 2012: Revenue of $523K, expenses of $489K, and assets of $458K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Angel Capital Association:
Data Sources and Methodology
This transparency report for Angel Capital Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.