Astegos Inc

Analysis

Astegos Inc is a registered charity in United States, based in Nampa, ID. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, 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 2023, Astegos Inc reported income of $2.1m and spending of $747k, leaving 64% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $2.1m (+46%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 382%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Astegos Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within ID. Charities of a similar size with the same main cause include Senior Citizens Industries Inc ($2.1m), Domestic Violence Services of Benton & Franklin Counties ($2.1m) and Indo American Center Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $72k (9.6% of expenses). Other salaries and wages came to $42k. At year end it held assets of $1.9m against liabilities of $396k, net assets of $1.5m. It reported 4 employees.