Is Agape Cares Inc Legit?

Spending Breakdown

How Agape Cares Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Agape Cares Inc

Is Agape Cares Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Agape Cares Inc (EIN: 201028159) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.

Is Agape Cares Inc a good charity to donate to?

Agape Cares Inc has a Mission Score of 60/100. Revenue: $933K. Assets: $249K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Agape Cares Inc?

The Employer Identification Number (EIN) for Agape Cares Inc is 201028159. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Agape Cares Inc spend its money?

Agape Cares Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Agape Cares Inc's tax-exempt status?

You can verify Agape Cares Inc's tax-exempt status using EIN 201028159 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Agape Cares Inc. demonstrates a fluctuating financial health over the past decade. While revenue has generally increased, reaching $905,483 in 2022, the organization has frequently operated at a deficit, with expenses exceeding revenue in most years, including a $22,712 deficit in 2022. This consistent spending beyond income raises concerns about long-term sustainability, despite a recent increase in assets to $199,644 in 2022. The organization's liabilities have also seen a significant increase in recent years, reaching $500,000 in both 2021 and 2022, which is a substantial amount relative to its assets.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent deficits suggest that the organization may be struggling to manage its overall expenditures within its revenue streams. The lack of reported officer compensation across all filings indicates a potential strength in minimizing overhead related to executive pay, or it could suggest that officers are compensated through other means not reported in this section, or are volunteers. The organization's transparency is generally good through its consistent 990 filings, but the significant liabilities warrant further investigation to understand their nature and impact on financial stability.

Overall, Agape Cares Inc. shows growth in revenue but struggles with consistent profitability and has accumulated significant liabilities. While executive compensation appears to be zero, the overall financial management needs closer scrutiny to ensure long-term viability and efficient use of donor funds.

Verdict: Agape Cares Inc shows mixed signals

Red Flags

Strengths