Agape Foundation Charitable Trust

Analysis

Agape Foundation Charitable Trust is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Agape Foundation Charitable Trust reported income of $854k and spending of $1.2m, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $854k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Agape Foundation Charitable Trust 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 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Ventura Music Festival Association Inc ($854k), Institute for Community Inc ($854k) and Restoration Development Foundation Inc ($853k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $996k against liabilities of $0, net assets of $996k.