Three Angels Fund EIN 27-1984384

Three Angels Fund

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Supports families battling cancer with essential resources and aid. For fiscal year 2024 it reported $223K in revenue, $255K in expenses, and $256K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Middletown, RI
Filings
5 on file (2020–2024)
Revenue
$223KFY2024
Expenses
$255K
Net assets
$256K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-1984384 Public charity (501(c)(3)) Middletown, RI
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports families battling cancer with essential resources and aid.
Leadership
Jennifer Lopes · Treasurer
Money in and out
$223K revenue, $255K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$256K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$32K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
12.0mo
months of highly liquid reserves at operating expense rate▼ -15% vs prior filing year
Surplus margin
-14%
revenue over expenses, this year▼ -280% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$223K
FY2024▼ -16%
Expenses
$255K
FY2024▲ +5%
Total assets
$256K
FY2024▼ -11%
Total liabilities
$0
FY2024
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$256K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$256K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2024.
01

Helped local families pay for bills while primary caregivers were out of work

Pt IX · col B
02

Made a donation to the newport hospital comprihensive cancer center

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThree Angels Fund
EINHdr · item D27-1984384
Principal addressHdr · item CMiddletown, RI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G30)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$223K
Total revenueLn 12$223K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$255K
Total functional expensesLn 25$255K

Balance Sheet

Part X · end of year
CashLn 1$256K
Total assetsLn 16$256K
Total liabilitiesLn 26$0
Total net assetsLn 32$256K
Months of cash on handcomputed12.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $256K · Operating expenses/yr $255K
12.0 months
Where the money goes
Program services
Program services $255K · Total expenses $255K
100%
Management & General
Management & general $0 · Total expenses $255K
0%
Fundraising
Fundraising $0 · Total expenses $255K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $231K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $223K · Total revenue $223K
100%
Government reliance
Government grants — · Total revenue $223K
Earned-income share
Program service revenue $0 · Total revenue $223K
0%
Investment reliance
Investment income $0 · Total revenue $223K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $255K
0%
Growth & trend
Revenue growth (YoY)
This year $223K · Prior year $265K
-16%
Revenue CAGR
FY2020 $100K · FY2024 $223K
+22%
Net-asset trend (YoY)
End of year $256K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $223K · Expenses $255K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $256K
Net-asset ratio
Net assets $256K · Total assets $256K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $256K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jennifer Lopes · Reported title TREASURER · Highest reported compensation $0 · Total expenses $255K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $255K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -16%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 7 grants · $487K · 2021–2024
Unitemized GrantFY2024$124,773
South County HospitalFY2024$50,000
Unitemized GrantFY2023$121,288
South County HospitalFY2023$50,000
Unitemized GrantFY2022$78,757
South County HospitalFY2022$25,000
Unitemized GrantFY2021$37,400

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$223K revenue · viewing · ⤓ 990 PDF
FY2023$265K revenue · ⤓ 990 PDF
FY2022$208K revenue · ⤓ 990 PDF
FY2021$204K revenue · ⤓ 990 PDF
FY2020$100K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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