Is Agma Health Fund Legit?

Agma Health Fund demonstrates a consistent operational history with fluctuating financial performance. In the most recent filing (202308), the organization reported expenses of $15,042,766 against revenues of $11,794,472, indicating a deficit for the period. This contrasts with the prior year (202208) where revenues of $11,809,609 slightly exceeded expenses of $11,786,996. The organization's assets have remained relatively stable over the past few years, standing at $13,698,972 in 202308, but liabilities have seen a significant increase from $235,102 in 202008 to $3,334,842 in 202308, which warrants closer examination. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. The organization's ability to manage its growing liabilities while maintaining program delivery will be a key factor in its future financial health. While the overall asset base is substantial, the recent trend of expenses exceeding revenue and the rise in liabilities are areas for concern. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. However, the consistent revenue generation over many years indicates a stable funding base. The increase in liabilities, particularly in the last few years, needs to be understood in the context of the organization's operations and future plans.