Agape Child and Family Services Inc

Analysis

Agape Child and Family Services Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 1969, 57 years ago. 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 September 2023, Agape Child and Family Services Inc reported income of $11.2m and spending of $12.2m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.2m to $11.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2020, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agape Child and Family Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Scottish Rite Park Inc ($11.2m), Traditions at Westerville ($11.2m) and The Arc Jacksonville Inc ($11.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $633k (5.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $4.1m against liabilities of $2.4m, net assets of $1.6m. It reported 158 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.