Aggie Redrock Foundation

Analysis

Aggie Redrock Foundation is a registered charity in United States, based in Logan, UT. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Aggie Redrock Foundation reported income of $159k and spending of $743k, spending 468% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $522k to $159k (-70%), an average of -33% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aggie Redrock Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within UT. Charities of a similar size with the same main cause include Asta Education Foundation ($159k), Prattsburg Free Library ($159k) and Friends of the Eugene Public Library ($159k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $14.5m against liabilities of $14.0m, net assets of $490k.