Aggie Development Inc

Analysis

Aggie Development Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Aggie Development Inc reported income of $371k and spending of $474k, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $139k to $371k (+166%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 1189%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aggie Development Inc 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 65th percentile, and in the 63rd percentile within NM. Charities of a similar size with the same main cause include Conrad Community Education Foundation Inc ($371k), Saint John of Kronstadt Orthodox Christian School ($371k) and American Society of Ocularists ($371k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $286k against liabilities of $0, net assets of $286k.