Agape Development Ministries

Analysis

Agape Development Ministries is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Agape Development Ministries reported income of $2.4m and spending of $3.7m, spending 156% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $5.7m to $2.4m (-58%), an average of -20% a year. The sharpest change came in the year to May 2020, when income dropped by 55%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Agape Development Ministries sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include We Are Down Home ($2.4m), Faculty Student Assoc of Cayuga County Community College ($2.4m) and Elevate Early Education Inc ($2.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 63% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $95k (2.6% of expenses). Other salaries and wages came to $919k. At year end it held assets of $3.7m against liabilities of $177k, net assets of $3.5m. It reported 27 employees.

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.