Agape Child Development Center

Analysis

Agape Child Development Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Agape Child Development Center reported income of $1.8m and spending of $1.9m, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.0m to $1.8m (-7.4%), an average of -1.5% a year. The sharpest change came in the year to December 2019, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agape Child Development Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Hopewell Valley YMCA ($1.8m), Eastern Star Home in Kentucky ($1.8m) and Childrens Home of Wheeling ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $95k (5.0% of expenses). Other salaries and wages came to $1.1m. It paid $28k in professional fundraising fees. At year end it held assets of $680k against liabilities of $111k, net assets of $569k. It reported 56 employees.