Agape Impact Ministries Inc

Analysis

Agape Impact Ministries Inc is a registered charity in United States, based in Argyle, TX. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Agape Impact Ministries Inc reported income of $385k and spending of $716k, spending 186% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $431k to $385k (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Agape Impact Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Nehemiah Ministries ($385k), Operacion San Andres ($385k) and Kids in Ministry International Inc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (2.5% of expenses). Other salaries and wages came to $137k. At year end it held assets of $121k against liabilities of $0, net assets of $121k. It reported 5 employees.