Agastya USA

Analysis

Agastya USA is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Agastya USA reported income of $438k and spending of $433k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $303k to $438k (+45%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Agastya USA sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Healing Heroes Foundation Inc ($438k), Williamstown Community Chest ($438k) and Crabtree Farms of Chattanooga Inc ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.