Agape Freedom Ministries Inc

Analysis

Agape Freedom Ministries Inc is a registered charity in United States, based in Duncan, OK. It received its IRS tax-exemption ruling in May 2021, 5 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 Freedom Ministries Inc reported income of $55k and spending of $64k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $55k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Agape Freedom Ministries Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within OK. Charities of a similar size with the same main cause include Del Corazon de Jesucristo ($55k), Hope of a Nation Inc ($55k) and Little City Fellowship Icf ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.