Agape Network Foundation Inc

Analysis

Agape Network Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Agape Network Foundation Inc reported income of $242k and spending of $142k, leaving 41% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $24.3m to $242k (-99%), an average of -90% a year. The sharpest change came in the year to June 2023, when income dropped by 99%. Over the whole period it spent 1.9% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Agape Network Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Clarke County Hospital Foundation ($242k), District 8 Emergency Preparedness and Planning Coalition Inc ($242k) and American College of Physicians ($242k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $24.5m against liabilities of $152k, net assets of $24.3m.