Agsafe

Analysis

Agsafe is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2023, Agsafe reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.6m (-11%), an average of -3.7% a year. The sharpest change came in the year to June 2021, when income dropped by 19%. Over the whole period it spent 96% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Agsafe sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Warrenton Volunteer Fire Company Inc ($1.6m), Love City Strong Inc ($1.6m) and Kailee Mills Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $116k (7.2% of expenses). Other salaries and wages came to $582k. At year end it held assets of $2.8m against liabilities of $632k, net assets of $2.2m. It reported 16 employees.