Aglaunch Initiative
Only null% goes to programs Thin reserves Growing revenue
Aglaunch Initiative is a 501(c)(3) organization based in Memphis, Tennessee, registered in 2019, with $2,462,523 in FY2023 revenue. CharityIndex grades it C+.
1350 Concourse Ave Ste 434, Memphis, TN, 38104 EIN 83-0995119 Since 2019
Revenue (FY2023)
$2.5M
▲ 1.5% vs prior year
Community median: $184K
Expenses (FY2023)
$2.6M
Net assets
$193K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Aglaunch Initiative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Aglaunch Initiative: 1 mo reserves · -7% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Aglaunch Initiative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Aglaunch Initiative: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1350 Concourse Ave Ste 434, Memphis, TN, 38104
- City
- Memphis
- State
- Tennessee
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $1.1M (FY2018) to $2.5M (FY2023) across 6 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $925KNet assets $193K
Operating margin
-7.4%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$925K
Net assets
$193K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,462,523▲1.5% | $2,645,156▲1.0% | $192,758▼48.7% | $1,117,960▼47.5% | 990 |
| 2022 | $2,426,005▼9.3% | $2,619,849▲8.6% | $375,391▼44.1% | $2,129,660▲33.1% | 990 |
| 2021 | $2,674,780▲94.1% | $2,413,270▲105% | $671,555▲63.8% | $1,599,569▼9.6% | 990 |
| 2020 | $1,378,095▲13.5% | $1,179,444▼4.3% | $410,045▲94.0% | $1,769,097▲284% | 990 |
| 2019 | $1,214,090▲7.6% | $1,232,238▲37.0% | $211,394▼7.9% | $460,883▲45.7% | 990 |
| 2018 | $1,128,796 | $899,254 | $229,542 | $316,230 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $3.5M total
11 grants to Aglaunch Initiative totaling $3.5M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Christian Community Foundation of Memphis and the Mid-south Inc | Community devel | 2023 | $290,000 |
| World Wildlife Fund Inc | Conservation | 2023 | $40,000 |
| Christian Community Foundation of Memphis and the Mid-south Inc | Community devel | 2022 | $290,000 |
| Local Initiatives Support Corporation | See part iv | 2022 | $100,000 |
| World Wildlife Fund Inc | Conservation | 2022 | $40,000 |
| Christian Community Foundation of Memphis and the Mid-south Inc | Program support | 2021 | $340,000 |
| Local Initiatives Support Corporation | See part iv | 2021 | $55,000 |
| Foundation For Food and Agriculture Research | Research | 2020 | $2,257,034 |
| Local Initiatives Support Corporation | See part iv | 2020 | $30,000 |
| Christian Community Foundation of Memphis and the Mid-south Inc | Program support | 2020 | $25,000 |
| Christian Community Foundation of Memphis and the Mid-south Inc | Program support | 2020 | $25,000 |
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Frequently asked questions
- Is Aglaunch Initiative a legitimate nonprofit?
- Yes. Aglaunch Initiative is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 83-0995119, based in Memphis, Tennessee. Donations are tax-deductible.
- What is Aglaunch Initiative's EIN?
- Aglaunch Initiative's Employer Identification Number (EIN) is 83-0995119.
- How much revenue does Aglaunch Initiative report?
- Aglaunch Initiative reported $2,462,523 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Aglaunch Initiative have?
- CharityIndex grades Aglaunch Initiative C+, based on financial health (reserves and operating margin).
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Data for Aglaunch Initiative (EIN 83-0995119) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.