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 August 2023, American Agape Foundation Inc reported income of $1.0m and spending of $684k, leaving 32% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $565k to $1.0m (+79%), an average of +21% a year. The sharpest change came in the year to August 2023, when income rose by 39%. Over the whole period it spent 79% 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 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Center for Excellence in Nonprofits ($1.0m), Cincinnati Northside Community Urban Redevelopment Corporation ($1.0m) and Wyoming Primary Care Association Inc ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. At year end it held assets of $4.1m against liabilities of $3.5m, net assets of $622k.