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 $3.1m and spending of $3.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.1m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 97% 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 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Tasc Inc ($3.1m), Los Angeles Orange Counties Building and Construction Trades ($3.1m) and Calumet Area Industrial Commission ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. At year end it held assets of $14.6m against liabilities of $15.9m, net assets of -$1.2m.