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. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 $3.7m and spending of $3.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $3.7m (+4.8%), an average of +1.2% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, American Agape Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Wasatch Community Gardens ($3.7m), Waterbury Development Corporation ($3.7m) and Workwell Industries Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $17.5m against liabilities of $18.6m, net assets of -$1.1m.