Agape Resource & Assistance Center Inc

Analysis

Agape Resource & Assistance Center Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in October 2013, 13 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 Resource & Assistance Center Inc reported income of $2.0m and spending of $712k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $702k to $2.0m (+181%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Agape Resource & Assistance Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Jersey City Uaw Senior Citizens Housing a Non Profit Corporation ($2.0m), Pro Viviendas II Inc ($2.0m) and Visiting Nurse Communities Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $58k (8.2% of expenses). Other salaries and wages came to $259k. At year end it held assets of $4.8m against liabilities of $1.4m, net assets of $3.4m. It reported 15 employees.