Agape Inc

Analysis

Agape Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Agape Inc reported income of $62k and spending of $97k, spending 157% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $57k to $62k (+9.6%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Agape Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include Kadet Krew ($62k), Antenna Theater ($62k) and Voices From Oklahoma Oral History Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $40k against liabilities of $35k, net assets of $4,438.