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Minnesota · Nonprofit

ANGEL FOUNDATION

ANGEL FOUNDATION (Minnesota) receives grants from 112 organizations whose IRS filings report $5,627,557 to it, the largest being WEM FOUNDATION ($799,000). 71 of them have funded it in more than one year.

Revenue FY2024
$3.4M
Funders on record
112
Grants received
$5.6M
Net assets
$4.3M
71/112 repeat funderspeak grant-dependency 33%
01What it does

What Angel Foundation does

Mission

We offer relief to cancer patients and their loved ones through financial assistance, education, and emotional support.

As stated on its FY2024 Form 990.

Programs

  1. In 2025, Angel Foundation served 4,213 unique individuals through its comprehensive programs, providing relief and support to adult cancer patients and their loved ones through financial assistance, education, and emotional support services. A cornerstone of this work is the emergency financial assistance program, which helps individuals and families meet essential non-medical needs such as food, rent or mortgage payments, utilities, transportation, and other household expenses. These one-time grants provide immediate financial relief during a time of significant uncertainty and stress, allowing families to focus on treatment and recovery rather than financial hardship. In 2025, Angel Foundation provided emergency financial assistance to 1,680 adults facing cancer.

    $1,702,754 spentof which $1,290,533 as grants
    59% of program spending
  2. In 2025, Angel Foundation supported 359 families through our financial cancer care program. This program helps cancer patients navigate the financial challenges that often accompany a cancer diagnosis by providing access to financial education, workshops, and one-on-one guidance from pro bono certified financial planners. Through personalized support and practical resources, the program aims to increase financial confidence, reduce stress, and empower families to make informed financial decisions during a difficult time.

    $528,548 spentof which $89,717 as grants
    18% of program spending
  3. Angel Foundation's adult and family programs provide support to families when an adult family member is diagnosed with cancer. Through innovative, evidence-based programming, we help individuals and families reduce fear and anxiety related to the cancer experience, manage stress, and develop healthy coping skills. Our programs also foster meaningful connections among families facing similar challenges, helping participants build supportive communities while helping the patient realize they are not alone in their journey. Programs include angel packs, camp angel, making memories, and educational workshops designed to support the emotional well-being of both adults and children. In 2025, Angel Foundation served 1,544 individuals through these programs and distributed 910 angel packs.

    $675,702 spentof which $15,970 as grants
    23% of program spending

The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,907,004.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($2.2M) Expenses 100 ($2.0M) Net assets 100 ($2.6M)2018 Revenue 113 ($2.5M) Expenses 103 ($2.0M) Net assets 107 ($2.8M)2019 Revenue 112 ($2.5M) Expenses 117 ($2.3M) Net assets 122 ($3.2M)2020 Revenue 121 ($2.7M) Expenses 125 ($2.4M) Net assets 138 ($3.6M)2021 Revenue 129 ($2.9M) Expenses 123 ($2.4M) Net assets 160 ($4.2M)2022 Revenue 135 ($3.0M) Expenses 141 ($2.8M) Net assets 145 ($3.8M)2023 Revenue 143 ($3.2M) Expenses 162 ($3.2M) Net assets 154 ($4.1M)2024 Revenue 154 ($3.4M) Expenses 171 ($3.3M) Net assets 163 ($4.3M)
'17'18'19'20'21'22'23'24
Revenue (154)Expenses (171)Net assets (163)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $3.9M to $4.6M (+17%).

$3.0M
$3.1M
$3.6M
$3.9M
$4.6M
$4.4M
$4.7M
$5.2M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

97% of ANGEL FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (51% for the typical peer).

This organization
Typical peer · 8,632 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$257k
’17
$488k
’18
$174k
’19
$222k
’20
$447k
’21
$225k
’22
$860
’23
$61k
’24
6.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Becker Dave

President & CEO

Board chair

Keckler Marcy

Board chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24
Listed1514151820212124
Joined·+4+5+6+4+4+1+7
No longer listed·5432314
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 27 funders to 40 funders, grant income rose $188k → $1.0M.

16 of 112 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 40% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of ANGEL FOUNDATION’s funders (the co-funder graph). Top 30 of 112 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ANGEL FOUNDATION has a broad base — no single funder exceeds 14% of grant income, and it takes 6 funders to reach half.

the vertical line marks half of all grant income — 6 funders to its left

62% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ANGEL FOUNDATION.

14%
largest funder
33%
top three
~17
effective funders

Largest funder’s share by year: 2017 16% · 2018 15% · 2019 14% · 2020 18% · 2021 19% · 2022 33% · 2023 50% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

36% of ANGEL FOUNDATION's funders are still giving 3 years after their first grant; 63% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

82% of ANGEL FOUNDATION's grant income comes from Minnesota funders.

MN
IL
WI
NY
SD
PA
NJ
CT
CA
MO
VA
DE
NC
DC
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $2.2M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

ANGEL FOUNDATION is better cushioned than half of the 8,126 health nonprofits its size.

Operating margin2% · below the median
Months of reserve6.1mo · above the median
Revenue growth (annualized)6% · below the median

this organization peer median middle 50% of peers· 8,126 health nonprofits $1M–$10M, FY2024

Organizations like ANGEL FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 10%Fundraising 8%

Governance

23
board members
96%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

85%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for ANGEL FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ANGEL FOUNDATION?
ANGEL FOUNDATION (Minnesota) receives grants from 112 organizations whose IRS filings report $5,627,557 to it, the largest being WEM FOUNDATION ($799,000). 71 of them have funded it in more than one year.
How many funders does ANGEL FOUNDATION have?
IRS filings report 112 organizations giving $5,627,557 in grants to ANGEL FOUNDATION, 71 of which have funded it in more than one year.
Who is the largest funder of ANGEL FOUNDATION?
WEM FOUNDATION is the largest funder on record, with $799,000 in grants. The full list of funders is on this page.
How can an organization like ANGEL FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 112 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing