Agape Renewal Ministry

Analysis

Agape Renewal Ministry is a registered charity in United States, based in Walnut, CA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Agape Renewal Ministry reported income of $1.3m and spending of $1.4m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.3m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agape Renewal Ministry sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Nevada Policy Research Institute ($1.3m), Iyaho Social Services of New Jersey Inc ($1.3m) and Community Family Services Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $41k (3.0% of expenses). At year end it held assets of $8.2m against liabilities of $1.2m, net assets of $7.0m. It reported 23 employees.