Agganis Foundation Inc

Analysis

Agganis Foundation Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Agganis Foundation Inc reported income of $447k and spending of $155k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $418k to $447k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Agganis Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Maestromeetings Inc ($447k), Community Support Services Organization ($447k) and Long Island Caddie Scholarship Fund Inc ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $1.7m against liabilities of $3,500, net assets of $1.7m.