Project Agape Inc

Analysis

Project Agape Inc is a registered charity in United States, based in Garner, NC. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Project Agape Inc reported income of $254k and spending of $218k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $254k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Project Agape Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Neythri Inc ($253k), Pacific Century Institute Inc ($254k) and Samaritan Servants International ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.