Agape Broadcasting Foundation Inc

Analysis

Agape Broadcasting Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1972, 54 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 Broadcasting Foundation Inc reported income of $577k and spending of $605k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $726k to $577k (-20%), an average of -5.6% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agape Broadcasting Foundation Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Randolph W & Dr Lael C Melville Family Foundation ($577k), University of Alabama School of Dentistry Alumni Association ($577k) and Family Crisis Center Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Other salaries and wages came to $234k. It paid $991 in professional fundraising fees. At year end it held assets of $476k against liabilities of $36k, net assets of $440k. It reported 5 employees.