Agate Housing and Services Inc

Analysis

Agate Housing and Services Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Agate Housing and Services Inc reported income of $17.1m and spending of $19.1m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $19.1m to $17.1m (-10%), an average of -3.6% a year. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Agate Housing and Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include South Carolina Christian Foundation ($17.0m), World Olivet Assembly Inc ($17.2m) and Lake Junaluska Assembly Inc ($16.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $486k (2.5% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $17.6m against liabilities of $5.5m, net assets of $12.1m. It reported 194 employees.