Agape Foundation

Analysis

Agape Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Foundation reported income of $173k and spending of $180k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $140k to $173k (+24%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Agape Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within AL. Charities of a similar size with the same main cause include Sakura Foundation ($173k), Laurel Housing Associates ($173k) and Family Promise of Bryan-Collegestation ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $355k against liabilities of $943k, net assets of -$588k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.