Angel Fund Inc
EIN: 813348012 · Hibbing, MN · NTEE: E86
| Metric | Value |
|---|---|
| Total Revenue | $265K |
| Total Expenses | $153K |
| Net Assets | $578K |
Is Angel Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Angel Fund Inc
Angel Fund Inc (EIN: 813348012) is a nonprofit organization based in Hibbing, MN, classified under NTEE code E86. The organization reported total revenue of $265K and total assets of $558K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Angel Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Angel Fund Inc is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $246K |
| Total Expenses | $153K |
| Surplus / Deficit | +$93K |
| Total Assets | $580K |
| Total Liabilities | $2K |
| Net Assets | $578K |
| Operating Margin | 37.9% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 45.5 months |
Financial Health Grade: A
In 2023, Angel Fund Inc reported a surplus of $93K with revenue exceeding expenses, holds 45.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Angel Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.8% | +31.8% | +19.1% |
| 2022 | +16.8% | +73.3% | +17.4% |
| 2021 | +28.3% | +77.8% | +30.9% |
| 2020 | +34.7% | -47.8% | +40.2% |
| 2019 | -49.8% | -7.7% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Angel Fund Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Angel Fund Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Angel Fund Inc
Is Angel Fund Inc a legitimate charity?
Angel Fund Inc (EIN: 813348012) is a registered tax-exempt nonprofit based in Minnesota. It has 6 years of IRS 990 filings on record. Total revenue: $265K. No red flags identified. Financial health grade: A.
How does Angel Fund Inc spend its money?
Angel Fund Inc reported $265K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Angel Fund Inc tax-deductible?
Angel Fund Inc is registered as a tax-exempt nonprofit (EIN: 813348012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Angel Fund Inc located?
Angel Fund Inc is headquartered in Hibbing, Minnesota and files with the IRS under EIN 813348012. It is classified under NTEE code E86.
How many years of IRS 990 filings does Angel Fund Inc have?
Angel Fund Inc has 6 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 $265K in total revenue.
Filing History
IRS 990 filing history for Angel Fund Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Angel Fund Inc's revenue has grown by 29.6%, moving from $190K to $246K. Total assets increased by 185.9% over the same period, from $203K to $580K. Total functional expenses rose by 95.6%, from $78K to $153K. In its most recent filing year (2023), Angel Fund Inc reported a surplus of $93K, with revenue exceeding expenses. The organization holds $2K in liabilities against $580K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $578K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $246K | $153K | $580K | $2K | — | View 990 |
| 2022 | $192K | $116K | $486K | $2K | — | View 990 |
| 2021 | $165K | $67K | $414K | $0 | — | View 990 |
| 2020 | $128K | $38K | $317K | $0 | — | View 990 |
| 2019 | $95K | $72K | $226K | $0 | — | View 990 |
| 2018 | $190K | $78K | $203K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $246K, expenses of $153K, and assets of $580K (revenue +27.8% year-over-year).
- 2022: Revenue of $192K, expenses of $116K, and assets of $486K (revenue +16.8% year-over-year).
- 2021: Revenue of $165K, expenses of $67K, and assets of $414K (revenue +28.3% year-over-year).
- 2020: Revenue of $128K, expenses of $38K, and assets of $317K (revenue +34.7% year-over-year).
- 2019: Revenue of $95K, expenses of $72K, and assets of $226K (revenue -49.8% year-over-year).
- 2018: Revenue of $190K, expenses of $78K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Angel Fund Inc:
Data Sources and Methodology
This transparency report for Angel Fund Inc 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.