Agape Service Foundation Inc

Analysis

Agape Service Foundation Inc is a registered charity in United States, based in Russellville, KY. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Agape Service Foundation Inc reported income of $450k and spending of $447k, spending 99% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $323k to $450k (+39%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agape Service Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include James P Harrington Organization Inc ($450k), Reach Services Inc ($450k) and Hpa Hope Foundation ($450k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $105k (24% of expenses). Other salaries and wages came to $42k. It paid $200 in professional fundraising fees. At year end it held assets of $89k against liabilities of $881, net assets of $88k. It reported 4 employees.