Friends of Agnes Charitable Foundation Inc

Analysis

Friends of Agnes Charitable Foundation Inc is a registered charity in United States, based in Mineral Point, WI. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friends of Agnes Charitable Foundation Inc reported income of $235k and spending of $213k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $235k (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Agnes Charitable Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Oregon Ag Fest Inc ($235k), Capitol Region Food Program ($235k) and Lawrence County Senior Citizens Club ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.