Eternal Life Agape Ministries Inc

Analysis

Eternal Life Agape Ministries Inc is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in November 1989, 37 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 2022, Eternal Life Agape Ministries Inc reported income of $443k and spending of $364k, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $69k to $443k (+544%), an average of +86% a year. The sharpest change came in the year to December 2020, when income rose by 343%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eternal Life Agape Ministries Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include New York City Carpenters Relief and Charity Fund ($443k), Golden Valley Day Care Center ($443k) and Mother and Unborn Child Care of Lufkin Inc ($443k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (6.6% of expenses). At year end it held assets of $855k against liabilities of $243k, net assets of $612k. It reported 1 employees.