Agape Ministries Inc

Analysis

Agape Ministries Inc is a registered charity in United States, based in Saint Marys, OH. It received its IRS tax-exemption ruling in November 1986, 40 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 March 2023, Agape Ministries Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $1.5m to $1.4m (-6.0%), an average of -2.0% a year. The sharpest change came in the year to March 2023, when income dropped by 25%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agape Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Area Congregations in Ministry ($1.4m), Young Womens Christian Association ($1.4m) and Cayuga-Syracuse Presbytery Home for the Elderly ($1.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $46k (3.5% of expenses). Other salaries and wages came to $450k. At year end it held assets of $1.6m against liabilities of $89k, net assets of $1.5m. It reported 57 employees.