Agape of North Alabama Inc

Analysis

Agape of North Alabama Inc is a registered charity in United States, based in Madison, AL. It received its IRS tax-exemption ruling in December 1969, 57 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 December 2023, Agape of North Alabama Inc reported income of $401k and spending of $496k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $773k to $401k (-48%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agape of North Alabama Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within AL. Charities of a similar size with the same main cause include Grace House of Brunswick Inc ($401k), Tyler Clementi Foundation Inc ($401k) and 1017 Project ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $269k (54% of expenses). At year end it held assets of $795k against liabilities of $25k, net assets of $770k. It reported 9 employees.