American Agape Foundation Inc

Analysis

American Agape Foundation Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in January 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Agape Foundation Inc reported income of $6.5m and spending of $6.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $6.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Agape Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Accreditation Council for Pharmacy Education ($6.5m), Camp Ramah in the Berkshires Inc ($6.5m) and Greenville Free Medical Clinic ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. At year end it held assets of $30.1m against liabilities of $27.3m, net assets of $2.8m.