Agape Love Global Ministries Inc

Analysis

Agape Love Global Ministries Inc is a registered charity in United States, based in Chatham, IL. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Agape Love Global Ministries Inc reported income of $292k and spending of $200k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $161k to $292k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Agape Love Global Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Cultural Center of India Richmond Virginia ($292k), Good News Radio Broadcasting Inc ($292k) and Silicon Valley Harvest ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (18% of expenses). Other salaries and wages came to $342. At year end it held assets of $189k against liabilities of $11k, net assets of $178k.