Agape Incorporated

Analysis

Agape Incorporated is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 1977, 49 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 Incorporated reported income of $86k and spending of $111k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $93k to $86k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agape Incorporated sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within AZ. Charities of a similar size with the same main cause include Lava Hot Springs Senior Citizens Inc ($86k), Saint Louis County Community Chorus ($86k) and Zoroastrian Association of North Texas Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $7,125 (6.4% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.