Agape Childrens Academy of New

Analysis

Agape Childrens Academy of New is a registered charity in United States, based in Irvington, NJ. It received its IRS tax-exemption ruling in February 2002, 24 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Agape Childrens Academy of New reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.8m (+0.6%), an average of +0.1% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agape Childrens Academy of New 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 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Midori Foundation Inc ($1.8m), Boys & Girls Clubs of the Coastal Bend Inc ($1.8m) and Creative Learning Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $188k (11% of expenses). Other salaries and wages came to $825k. At year end it held assets of $455k against liabilities of $12k, net assets of $443k. It reported 27 employees.