Agricenter International Inc

Analysis

Agricenter International Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2024, Agricenter International Inc reported income of $6.5m and spending of $6.3m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.9m to $6.5m (+32%), an average of +5.7% a year. The sharpest change came in the year to June 2020, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agricenter International Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Seabird Enterprises Inc ($6.5m), Infant Crisis Services ($6.5m) and Make a Wish Foundation of Greater Bay Area ($6.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $437k (7.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $11.9m against liabilities of $6.9m, net assets of $5.0m. It reported 59 employees.