Agape Edcuational Center Inc

Analysis

Agape Edcuational Center Inc is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Agape Edcuational Center Inc reported income of $199k and spending of $240k, spending 120% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $466k to $199k (-57%), an average of -35% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Agape Edcuational Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Medina Community Library ($199k), Kelm Inc ($199k) and Union Preschool Incorportated ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.