Nonprofit · EIN 23-3019924
PRECIOUS ANGELS
Tax-exempt · PHILADELPHIA, PA 19141
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $1,772,455 | $1,696,709 | $75,746 | $226,038 | $266,703 | -$40,665 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,772,362
- Investment income
- $93
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $206,076
- Other salaries and wages
- $628,155
- Salaries, compensation and benefits (total)
- $901,525
- Professional fundraising fees
- $0
- Accounting fees
- $6,650
- Occupancy
- $150,541
- Travel
- $2,297
- Depreciation
- $3,291
- Program services (functional)
- $1,367,504
- Management and general (functional)
- $329,205
Balance sheet and other
- Total assets, start of year
- $146,773
- Total assets, end of year
- $226,038
- Total liabilities, end of year
- $266,703
- Net assets, end of year
- -$40,665
- Land, buildings and equipment
- $62,220
- Net assets without donor restrictions
- -$40,665
- Gross receipts
- $1,772,455
- Employees
- 31
- Volunteers
- 6
- Year formed
- 2000
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Faison | President Trustee or director, Officer, Key employee | 60 | $103,538 |
| Lawrence Faison | Vice-President Trustee or director, Officer | 40 | $102,538 |
Address and contacts
- Address (IRS master file)
- 6100 N BROAD ST, PHILADELPHIA, PA 19141-1932
- In care of
- % US ANGELS
- Principal officer (990 for 2023)
- Michelle Faison, 6100 N Broad Street, Philadelphia, PA 19141
- Signed the 990
- Michele Faison, President
- Phone
- (215) 224-6880
- Website
- preciousangelsacademy.org
- Return prepared by
- Anita T Conner & Associates PC
Mission
Child care center whose vision is that every child receive a standard- driven program which will enhance their emotional, social, spirtual physical and academic growth and development.
Program accomplishments
- To accomodate working parents of low income seeking alternatives to traditional day care settings by providing quality academic & cultural programsExpenses $1,367,504 · revenue $1,767,376
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-3019924
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P33)
- Assets (IRS master file)
- $226,038
- Income (IRS master file)
- $1,772,455
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $1,772,455 | $1,696,709 | $226,038 | XML |
| 990 | December 2022 | $1,693,646 | $1,700,940 | $146,773 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-3019924).
Questions about PRECIOUS ANGELS
- What is the EIN of PRECIOUS ANGELS?
- The employer identification number (EIN) of PRECIOUS ANGELS is 23-3019924.
- Is PRECIOUS ANGELS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to PRECIOUS ANGELS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRECIOUS ANGELS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRECIOUS ANGELS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRECIOUS ANGELS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of PRECIOUS ANGELS?
- The 990 for the year ended December 31, 2023 names Michelle Faison.
- Who are the officers and directors of PRECIOUS ANGELS?
- The 990 for the year ended December 31, 2023 lists 2 people; 2 received compensation from the organization, the highest $103,538 (Michelle Faison, President).
- How much revenue does PRECIOUS ANGELS have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $1,772,455, expenses of $1,696,709 and total assets of $226,038 at year end.
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