Agape Foundations Inc

Analysis

Agape Foundations Inc is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Agape Foundations Inc reported income of $136k and spending of $124k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $136k (+119%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 286%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agape Foundations Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include Fayetteville Senior Center Inc ($136k), Grace Initiative of South Liberty County ($136k) and Community Out-Reach Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,585 against liabilities of $77k, net assets of -$74k.