Agape Unlimited Inc

Analysis

Agape Unlimited Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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 Unlimited Inc reported income of $469k and spending of $430k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $658k to $469k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agape Unlimited Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Marian Housing Center Inc ($469k), Musica Sacra Inc ($469k) and Moberly Area Community College Foundation Incorporated ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.8m against liabilities of $1,434, net assets of $1.8m.