Agaitas Inc

Analysis

Agaitas Inc is a registered charity in United States, based in Warsaw, IN. It received its IRS tax-exemption ruling in May 2016, 10 years ago. 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 December 2023, Agaitas Inc reported income of $79k and spending of $96k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $79k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 133% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agaitas Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within IN. Charities of a similar size with the same main cause include Three Eagle Trail Foundation Inc ($79k), The National Society of Colonial Dames in the State of Rhode Island ($79k) and Library Foundation of Newberg ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. At year end it held assets of $78k against liabilities of $1,437, net assets of $77k.