Ags Scholarship Foundation

Analysis

Ags Scholarship Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Ags Scholarship Foundation reported income of $387k and spending of $13k, leaving 97% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income fell from $413k to $387k (-6.3%), an average of -3.2% a year. The sharpest change came in the year to August 2023, when income rose by 1491%. Over the whole period it spent 6.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ags Scholarship Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within MO. Charities of a similar size with the same main cause include Foundation for Private Enterprise Education ($387k), Sweetwater-Monroe County United FD ($387k) and Griffin Theatre Company ($387k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.