Agape Creative Ministries Inc

Analysis

Agape Creative Ministries Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2003, 23 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 Creative Ministries Inc reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $693k to $1.0m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agape Creative Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Live 2 Give Hope ($1.0m), Hmong Youth and Parents United ($1.0m) and FHF Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $271k (27% of expenses). Other salaries and wages came to $519k. At year end it held assets of $274k against liabilities of $2,305, net assets of $272k. It reported 18 employees.