Angel Hair Foundation Inc
Angel Hair Foundation consistently grows assets with zero officer compensation.
EIN: 205610889 · Eugene, OR · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $377K |
| Total Expenses | $205K |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 95/100 |
Is Angel Hair Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Angel Hair Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Angel Hair Foundation Inc
Angel Hair Foundation Inc (EIN: 205610889) is a nonprofit organization based in Eugene, OR, classified under NTEE code P20. The organization reported total revenue of $377K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Angel Hair Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Angel Hair Foundation Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $250K |
| Total Expenses | $205K |
| Surplus / Deficit | +$45K |
| Total Assets | $1.1M |
| Total Liabilities | $2K |
| Net Assets | $1.1M |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 64.2 months |
Financial Health Grade: A
In 2023, Angel Hair Foundation Inc reported a surplus of $45K with revenue exceeding expenses, holds 64.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Angel Hair Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.8% | +49.7% | +4.3% |
| 2022 | +393.7% | +45.4% | +16.3% |
| 2021 | -71.0% | -41.1% | -3.7% |
| 2020 | +3.6% | +23.4% | +4.1% |
| 2019 | +5.6% | +6.0% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Hair Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Angel Hair Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization. This suggests a volunteer-led model or that compensation is covered by other means, allowing all funds to be directed towards the mission.
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.
Strengths
The following positive indicators were identified for Angel Hair Foundation Inc:
- Consistent asset growth, from $445,736 in 2014 to $1,092,484 in 2023.
- Zero officer compensation reported across all 13 filings, indicating high efficiency and mission focus.
- Expenses consistently well below revenue in most periods, allowing for healthy net income and asset accumulation.
- Strong financial stability with over $1 million in assets.
- Positive net income in most years, demonstrating effective financial management.
Frequently Asked Questions about Angel Hair Foundation Inc
Is Angel Hair Foundation Inc a legitimate charity?
Angel Hair Foundation Inc (EIN: 205610889) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $377K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Angel Hair Foundation Inc spend its money?
Angel Hair Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Angel Hair Foundation Inc tax-deductible?
Angel Hair Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205610889). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Angel Hair Foundation Inc's spending goes to programs?
Angel Hair Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Angel Hair Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Angel Hair Foundation Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Angel Hair Foundation Inc located?
Angel Hair Foundation Inc is headquartered in Eugene, Oregon and files with the IRS under EIN 205610889. It is classified under NTEE code P20.
How many years of IRS 990 filings does Angel Hair Foundation Inc have?
Angel Hair Foundation Inc has 13 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 $377K in total revenue.
Is Angel Hair Foundation Inc a good charity?
Based on the provided data, Angel Hair Foundation Inc appears to be a very good charity. It consistently reports 0% officer compensation, demonstrates steady asset growth (from $445,736 in 2014 to $1,092,484 currently), and generally maintains expenses well below revenue, indicating strong financial management and a clear focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved over time. Assets have more than doubled from $445,736 in 2014 to $1,092,484 currently. While revenue and expenses fluctuate year-to-year, the overall trend shows consistent growth in resources and a healthy financial position.
What is the organization's approach to executive compensation?
Angel Hair Foundation Inc has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation across all 13 available filings. This indicates a strong commitment to directing all financial resources towards its programmatic goals.
Filing History
IRS 990 filing history for Angel Hair Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Angel Hair Foundation Inc's revenue has grown by 55.7%, moving from $161K to $250K. Total assets increased by 441.3% over the same period, from $202K to $1.1M. Total functional expenses rose by 239.8%, from $60K to $205K. In its most recent filing year (2023), Angel Hair Foundation Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $250K | $205K | $1.1M | $2K | — | — |
| 2022 | $284K | $137K | $1.0M | $2K | — | View 990 |
| 2021 | $57K | $94K | $903K | $1K | — | View 990 |
| 2020 | $198K | $160K | $938K | $0 | — | View 990 |
| 2019 | $191K | $129K | $901K | $2K | — | View 990 |
| 2018 | $181K | $122K | $839K | $2K | — | View 990 |
| 2017 | $192K | $99K | $778K | $850 | — | View 990 |
| 2016 | $229K | $75K | $685K | $0 | — | View 990 |
| 2015 | $132K | $34K | $544K | $13K | — | — |
| 2014 | $189K | $82K | $446K | $15K | — | View 990 |
| 2013 | $141K | $78K | $324K | $715 | — | View 990 |
| 2012 | $141K | $83K | $262K | $1K | — | View 990 |
| 2011 | $161K | $60K | $202K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $250K, expenses of $205K, and assets of $1.1M (revenue -11.8% year-over-year).
- 2022: Revenue of $284K, expenses of $137K, and assets of $1.0M (revenue +393.7% year-over-year).
- 2021: Revenue of $57K, expenses of $94K, and assets of $903K (revenue -71.0% year-over-year).
- 2020: Revenue of $198K, expenses of $160K, and assets of $938K (revenue +3.6% year-over-year).
- 2019: Revenue of $191K, expenses of $129K, and assets of $901K (revenue +5.6% year-over-year).
- 2018: Revenue of $181K, expenses of $122K, and assets of $839K (revenue -5.5% year-over-year).
- 2017: Revenue of $192K, expenses of $99K, and assets of $778K (revenue -16.1% year-over-year).
- 2016: Revenue of $229K, expenses of $75K, and assets of $685K (revenue +73.6% year-over-year).
- 2015: Revenue of $132K, expenses of $34K, and assets of $544K (revenue -30.3% year-over-year).
- 2014: Revenue of $189K, expenses of $82K, and assets of $446K (revenue +34.2% year-over-year).
- 2013: Revenue of $141K, expenses of $78K, and assets of $324K (revenue -0.3% year-over-year).
- 2012: Revenue of $141K, expenses of $83K, and assets of $262K (revenue -12.1% year-over-year).
- 2011: Revenue of $161K, expenses of $60K, and assets of $202K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Angel Hair Foundation Inc:
Data Sources and Methodology
This transparency report for Angel Hair Foundation 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.