Agape II Inc

Analysis

Agape II Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 II Inc reported income of $136k and spending of $153k, spending 112% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $105k to $136k (+29%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Agape II Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within AL. Charities of a similar size with the same main cause include Westside Housing and Economic Network Inc ($136k), Gateway House Inc ($136k) and Specialized Housing Inc VIII ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $383k against liabilities of $782k, net assets of -$399k.

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.