Agsa Corp

Analysis

Agsa Corp is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Agsa Corp reported income of $530k and spending of $517k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $369k to $530k (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Agsa Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Central Park Track Club Corporation ($529k), Amateur Swimming Foundation Inc ($530k) and White Plains Youth Soccer Assoc Inc ($529k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 46% of the total. At year end it held assets of $364k against liabilities of $25k, net assets of $339k.