Argent Foundation

Analysis

Argent Foundation is a registered charity in United States, based in Ruston, LA. It received its IRS tax-exemption ruling in October 2021, 5 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, Argent Foundation reported income of $3.9m and spending of $1.4m, leaving 63% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 528%. Over the whole period it spent 36% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Argent Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Community Basics Inc ($3.9m), San Carlos Educational Foundation ($3.9m) and River Parks Foundation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.4% of the total. At year end it held assets of $3.3m against liabilities of -$85k, net assets of $3.4m.