Agape Retirement Home Inc

Analysis

Agape Retirement Home Inc is a registered charity in United States, based in Valdese, NC. It received its IRS tax-exemption ruling in October 1983, 43 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 September 2023, Agape Retirement Home Inc reported income of $290k and spending of $250k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $271k to $290k (+7.0%), an average of +1.7% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agape Retirement Home Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Medford Area Youth Hockey Association Inc ($290k), Honor Flight of Southern Indiana Inc ($290k) and Pound Ridge Lions Ambulance Corps ($290k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $474k against liabilities of $930k, net assets of -$456k.