Montana · Nonprofit
THE ANGEL FUND
THE ANGEL FUND (Montana) receives grants from 24 organizations whose IRS filings report $557,330 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($175,900). 12 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $337k
- Funders on record
- 24
- Grants received
- $557k
- Net assets
- $416k
What The Angel Fund does
Mission
Assists helena school district children that qualify for free/reduced lunch with items including clothing, winter outerwear, school supplies, field trip fees, shoes, and other necessities.
As stated on its FY2025 Form 990.
Programs
Assistance to helena school district children that qualify for free/reduced lunch with school items including clothing, shoes, winter outerwear, school supplies, backpacks, classroom project supplies, field trip fees and other required items needed to be successful in the classroom.
$235,029 spentof which $211,724 as grants87% of program spendingMontana postsecondary scholarships to high school graduates based on financial need, academic success and a commitment to "pay it forward" in their community. Scholarship applications are available through access to success, capital high school , helena high school and pupils in alternative learning.
$35,000 spentof which $35,000 as grants13% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $270,029.
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.
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 $359k to $453k (+26%).
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.
Government-grant reliance: 2022 6% · 2023 4%. Grants only. Government contracts and fees sit inside program revenue.
95% of THE ANGEL FUND’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
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
Janet Riis
Executive director
Board chair
Mary Anderson
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 7 funders to 10 funders, grant income fell $45k → $44k.
6 of 24 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 57% 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 THE ANGEL FUND’s funders (the co-funder graph). 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
THE ANGEL FUND has a broad base — no single funder exceeds 32% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
72% 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 THE ANGEL FUND.
Largest funder’s share by year: 2017 49% · 2018 88% · 2019 54% · 2020 42% · 2021 44% · 2022 35% · 2023 18% — diversifying over time.
“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
69% of THE ANGEL FUND's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
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
57% of THE ANGEL FUND's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $242k that is directly attributable, 80% of it comes from Montana funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $315k arriving through sponsors registered in 5 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.
Against its field
THE ANGEL FUND holds deeper cash reserves than three-quarters of the 16,849 education nonprofits its size.
this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025
Organizations like THE ANGEL FUND
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 Montana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Public support
92%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for THE ANGEL FUND: 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.
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 THE ANGEL FUND?
- THE ANGEL FUND (Montana) receives grants from 24 organizations whose IRS filings report $557,330 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($175,900). 12 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does THE ANGEL FUND have?
- IRS filings report 24 organizations giving $557,330 in grants to THE ANGEL FUND, 12 of which have funded it in more than one year.
- Who is the largest funder of THE ANGEL FUND?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $175,900 in grants. The full list of funders is on this page.
- How can an organization like THE ANGEL FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Montana. 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 FY2025 (financials across 2017–2025), and the filings of 24 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 14, 2026. What this page cannot tell you · view filing