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 $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.1m (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. 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 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Pennsylvania Association of Non Profit Homes for the Aging ($1.1m), Boy Scouts of America ($1.1m) and Glacier Symphony and Chorale Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. At year end it held assets of $4.2m against liabilities of $3.9m, net assets of $296k.