Agora Ministries Inc

Analysis

Agora Ministries Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Agora Ministries Inc reported income of $1.5m and spending of $1.0m, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $948k to $1.5m (+54%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 299%. Over the whole period it spent 25% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Agora Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Cascade Carrer Prep High School ($1.5m), Everett Community College Foundation ($1.5m) and Hernando County Education Direct Support Organization Inc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $104k (10% of expenses). Other salaries and wages came to $122k. At year end it held assets of $5.5m against liabilities of $562k, net assets of $4.9m. It reported 15 employees.