Agape Manor Homes Inc

Analysis

Agape Manor Homes Inc is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in July 2000, 26 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 Manor Homes Inc reported income of $2.5m and spending of $2.1m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.5m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agape Manor Homes Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Baldwin Academy East Inc ($2.5m), Lancaster County Foundation ($2.5m) and Asias Hope ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $262k (13% of expenses). At year end it held assets of $3.3m against liabilities of $606k, net assets of $2.7m. It reported 18 employees.