Georgia Agape Inc

Analysis

Georgia Agape Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1970, 56 years ago. 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 October 2023, Georgia Agape Inc reported income of $1.0m and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $1.4m to $1.0m (-27%), an average of -7.7% a year. The sharpest change came in the year to October 2020, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Agape Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Volunteers of America Inc ($1.0m), The Foundry Consortium Inc ($1.0m) and Milton J Dance Jr Endowment Inc ($1.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 55% and program service revenue 25% of the total. Other salaries and wages came to $534k. At year end it held assets of $2.6m against liabilities of $50k, net assets of $2.6m. It reported 11 employees.