Agape Cares Inc
Agape Cares Inc. consistently operates at a deficit with growing liabilities despite increasing revenue.
EIN: 201028159 · Garden City, MI · NTEE: P73 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $933K |
| Total Expenses | $928K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $900,000. |
| Net Assets | $-300,356 |
| Transparency Score | 60/100 |
Is Agape Cares Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Agape Cares Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Agape Cares Inc
Agape Cares Inc (EIN: 201028159) is a nonprofit organization based in Garden City, MI, classified under NTEE code P73. The organization reported total revenue of $933K and total assets of $249K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Agape Cares Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Agape Cares Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $905K |
| Total Expenses | $928K |
| Surplus / Deficit | $-22,712 |
| Total Assets | $200K |
| Total Liabilities | $500K |
| Net Assets | $-300,356 |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 250.4% |
| Months of Reserves | 2.6 months |
Financial Health Grade: D
In 2022, Agape Cares Inc reported a deficit of $23K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 250.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Agape Cares Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +13.1% | +24.2% | -10.2% |
| 2021 | +39.5% | -16.6% | +2123.6% |
| 2020 | +2.5% | +55.9% | +1900.0% |
| 2019 | -2.9% | -2.0% | -91.4% |
| 2018 | +14.4% | +10.6% | -90.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Agape Cares Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Agape Cares Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 250.4%.
Executive Compensation Analysis
Agape Cares Inc. consistently reports 0% officer compensation across all available filings, which is commendable for minimizing executive overhead relative to its revenue of over $900,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Agape Cares Inc's IRS 990 filings:
- Consistent operating deficits (8 out of 10 years reported)
- High liabilities relative to assets ($500,000 liabilities vs. $199,644 assets in 2022)
- Significant increase in liabilities in recent years (from $0 in 2018 to $500,000 in 2021 and 2022)
Strengths
The following positive indicators were identified for Agape Cares Inc:
- Consistent filing of IRS Form 990s, indicating transparency
- No reported officer compensation across all filings, minimizing executive overhead
- Consistent growth in revenue over the past decade, reaching over $900,000 in 2022
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) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Agape Cares Inc spend its money?
Agape Cares Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Agape Cares Inc tax-deductible?
Agape Cares Inc is registered as a tax-exempt nonprofit (EIN: 201028159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Agape Cares Inc CEO make?
Agape Cares Inc's highest-compensated officer earns $900,000. annually. The organization reported $933K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Agape Cares Inc's spending goes to programs?
Agape Cares Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Agape Cares Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Agape Cares Inc is above average for NTEE category P73 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Agape Cares Inc located?
Agape Cares Inc is headquartered in Garden City, Michigan and files with the IRS under EIN 201028159. It is classified under NTEE code P73.
How many years of IRS 990 filings does Agape Cares Inc have?
Agape Cares Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $933K in total revenue.
Is Agape Cares Inc. a good charity?
Agape Cares Inc. shows dedication through its consistent operations and growth in revenue. However, its recurring deficits and substantial liabilities ($500,000 in 2022 against $199,644 in assets) raise concerns about financial stability and long-term sustainability. The lack of officer compensation is a positive, but the overall financial management needs closer examination.
Why are liabilities so high?
The filings show liabilities of $500,000 in both 2021 and 2022, which is significantly higher than previous years and exceeds the organization's assets. The specific nature of these liabilities is not detailed in the provided data, but it's a critical area for potential donors to investigate further to understand the organization's financial obligations.
Does Agape Cares Inc. manage its expenses well?
The organization has frequently spent more than it earned, with expenses exceeding revenue in 8 out of 10 reported years, including a $22,712 deficit in 2022. This pattern suggests challenges in expense management relative to its income, impacting its financial health.
Filing History
IRS 990 filing history for Agape Cares Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Agape Cares Inc's revenue has grown by 62%, moving from $559K to $905K. Total assets decreased by 15.8% over the same period, from $237K to $200K. Total functional expenses rose by 51.8%, from $611K to $928K. In its most recent filing year (2022), Agape Cares Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $500K in liabilities against $200K in assets (debt-to-asset ratio: 250.4%), resulting in net assets of $-300,356.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $905K | $928K | $200K | $500K | — | — |
| 2021 | $801K | $747K | $222K | $500K | — | View 990 |
| 2020 | $574K | $896K | $10K | $341K | — | View 990 |
| 2019 | $560K | $575K | $500 | $9K | — | View 990 |
| 2018 | $577K | $586K | $6K | $0 | — | View 990 |
| 2017 | $504K | $530K | $62K | $47K | — | View 990 |
| 2016 | $511K | $602K | $72K | $30K | — | View 990 |
| 2015 | $489K | $528K | $132K | $0 | — | View 990 |
| 2014 | $579K | $520K | $171K | $0 | — | View 990 |
| 2013 | $440K | $568K | $112K | $0 | — | View 990 |
| 2012 | $577K | $575K | $240K | $0 | — | View 990 |
| 2011 | $559K | $611K | $237K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $905K, expenses of $928K, and assets of $200K (revenue +13.1% year-over-year).
- 2021: Revenue of $801K, expenses of $747K, and assets of $222K (revenue +39.5% year-over-year).
- 2020: Revenue of $574K, expenses of $896K, and assets of $10K (revenue +2.5% year-over-year).
- 2019: Revenue of $560K, expenses of $575K, and assets of $500 (revenue -2.9% year-over-year).
- 2018: Revenue of $577K, expenses of $586K, and assets of $6K (revenue +14.4% year-over-year).
- 2017: Revenue of $504K, expenses of $530K, and assets of $62K (revenue -1.3% year-over-year).
- 2016: Revenue of $511K, expenses of $602K, and assets of $72K (revenue +4.5% year-over-year).
- 2015: Revenue of $489K, expenses of $528K, and assets of $132K (revenue -15.5% year-over-year).
- 2014: Revenue of $579K, expenses of $520K, and assets of $171K (revenue +31.6% year-over-year).
- 2013: Revenue of $440K, expenses of $568K, and assets of $112K (revenue -23.8% year-over-year).
- 2012: Revenue of $577K, expenses of $575K, and assets of $240K (revenue +3.3% year-over-year).
- 2011: Revenue of $559K, expenses of $611K, and assets of $237K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Agape Cares Inc:
Data Sources and Methodology
This transparency report for Agape Cares Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.