Agape Way

Analysis

Agape Way is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Way reported income of $147k and spending of $120k, spending 81% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $132k to $147k (+11%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Agape Way sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include UN Mundo ($147k), Medinova Ny Inc ($147k) and Beauty of Humanity Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $157k against liabilities of $120k, net assets of $37k.