Agape Homes CDC

Analysis

Agape Homes CDC is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 May 2023, Agape Homes CDC reported income of $1.5m and spending of $932k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to May 2023, income fell from $2.7m to $1.5m (-43%), an average of -24% a year. The sharpest change came in the year to May 2023, when income dropped by 60%. Over the whole period it spent 31% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Agape Homes CDC sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Housing Court Answers Inc ($1.5m), Greater Minnesota Management ($1.5m) and Redlands Senior Housing Inc ($1.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $6.2m against liabilities of $742k, net assets of $5.5m.