Agape Unlimited

Analysis

Agape Unlimited is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in June 1987, 39 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 Unlimited reported income of $3.3m and spending of $3.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.3m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agape Unlimited sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Childrens Burn Foundation ($3.3m), Iowa Ffa Foundation ($3.3m) and Hope Ignites Northeastern Ohio ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $126k (4.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.3m against liabilities of $892k, net assets of $2.5m. It reported 44 employees.