Agape Center Corporation

Analysis

Agape Center Corporation is a registered charity in United States, based in Moneta, VA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Agape Center Corporation reported income of $1.5m and spending of $1.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $1.5m (+304%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agape Center Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Baker School Cooperative Kindergarten Inc ($1.5m), Goodness United Inc ($1.5m) and Sparrows Nest of the Hudson Valley Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $4.0m against liabilities of $879k, net assets of $3.1m.