Chinese Agape Foundation

Analysis

Chinese Agape Foundation is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 2005, 21 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, Chinese Agape Foundation reported income of $995k and spending of $943k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $639k to $995k (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chinese Agape Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Thames River Community Service Inc ($995k), Justin Cowboy Crisis Fund Inc ($995k) and N O a S Ark Inc ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (6.2% of expenses). Other salaries and wages came to $120k. At year end it held assets of $358k against liabilities of $5,556, net assets of $353k. It reported 5 employees.