Agape Cares Inc

Analysis

Agape Cares Inc is a registered charity in United States, based in Garden City, MI. It received its IRS tax-exemption ruling in May 2005, 21 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 2022, Agape Cares Inc reported income of $905k and spending of $928k, spending 103% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $577k to $905k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agape Cares Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Spring Lake Toys Foundation Inc ($905k), Temple Community Development Corp ($906k) and 1st Kids ($905k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $481k. At year end it held assets of $200k against liabilities of $500k, net assets of -$300k. It reported 25 employees.