Agape Foundation Inc
Agape Foundation Inc. faces declining revenue and assets, frequently operating at a deficit.
EIN: 203677167 · Fairfield, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $143K |
| Total Expenses | $124K |
| Program Spending | 75% |
| Net Assets | $278K |
| Transparency Score | 65/100 |
Is Agape Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Agape Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Agape Foundation Inc
Agape Foundation Inc (EIN: 203677167) is a nonprofit organization based in Fairfield, CT, classified under NTEE code T20. The organization reported total revenue of $143K and total assets of $274K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Agape Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Agape Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $124K |
| Surplus / Deficit | $-6,623 |
| Total Assets | $278K |
| Total Liabilities | $1 |
| Net Assets | $278K |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 26.8 months |
Financial Health Grade: B
In 2023, Agape Foundation Inc reported a deficit of $7K with expenses exceeding revenue, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Agape Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.8% | -2.9% | +1.8% |
| 2022 | -3.4% | -1.8% | -22.2% |
| 2021 | +5.3% | -11.8% | +0.6% |
| 2020 | -51.6% | -18.0% | -10.9% |
| 2019 | -47.8% | -6.1% | -26.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Foundation Inc with a Mission Score of 65 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Agape Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Agape Foundation Inc. reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for minimizing administrative costs.
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 Foundation Inc's IRS 990 filings:
- Consistent decline in total assets from $535,325 in 2015 to $277,880 in 2023.
- Frequent operational deficits, with expenses exceeding revenue in 7 out of 10 reported periods.
- Declining revenue trend, from a high of $522,650 in 2012 to $117,741 in 2023.
Strengths
The following positive indicators were identified for Agape Foundation Inc:
- Excellent transparency with 10 IRS 990 filings available.
- Zero officer compensation reported across all filings, indicating efficient executive cost management.
- Extremely low liabilities ($1 across all periods) demonstrating strong debt management.
Frequently Asked Questions about Agape Foundation Inc
Is Agape Foundation Inc a legitimate charity?
Agape Foundation Inc (EIN: 203677167) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $143K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Agape Foundation Inc spend its money?
Agape Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Agape Foundation Inc tax-deductible?
Agape Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203677167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Agape Foundation Inc's spending goes to programs?
Agape Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Agape Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Agape Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Agape Foundation Inc located?
Agape Foundation Inc is headquartered in Fairfield, Connecticut and files with the IRS under EIN 203677167. It is classified under NTEE code T20.
How many years of IRS 990 filings does Agape Foundation Inc have?
Agape Foundation Inc has 10 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 $143K in total revenue.
Is Agape Foundation Inc. financially sustainable given its declining revenue and assets?
The organization's financial sustainability is questionable given the consistent decline in revenue from $382,913 in 2015 to $117,741 in 2023, and assets from $535,325 to $277,880 over the same period. It has also operated at a deficit in 7 of the last 10 reported periods.
What is the reason for the consistent operational deficits?
The data shows that expenses have frequently exceeded revenue. For example, in 2023, expenses were $124,364 while revenue was $117,741. Without a detailed breakdown of expenses, it's hard to pinpoint the exact reasons, but it suggests that current fundraising efforts are not keeping pace with operational costs.
How does the organization cover its expenses when revenue is lower?
When expenses exceed revenue, as seen in multiple periods (e.g., 2023, 2022, 2021), the organization likely draws from its existing assets or prior surpluses to cover the shortfall, as indicated by the declining asset base.
Filing History
IRS 990 filing history for Agape Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Agape Foundation Inc's revenue has declined by 13%, moving from $135K to $118K. Total assets increased by 487408.8% over the same period, from $57 to $278K. Total functional expenses fell by 10%, from $138K to $124K. In its most recent filing year (2023), Agape Foundation Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $278K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $278K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $124K | $278K | $1 | — | — |
| 2022 | $98K | $128K | $273K | $1 | — | View 990 |
| 2021 | $102K | $130K | $351K | $1 | — | — |
| 2020 | $97K | $148K | $349K | $1 | — | — |
| 2019 | $200K | $180K | $392K | $1 | — | View 990 |
| 2015 | $383K | $192K | $535K | $1 | — | View 990 |
| 2014 | $234K | $216K | $342K | $1 | — | View 990 |
| 2013 | $160K | $167K | $325K | $1 | — | View 990 |
| 2012 | $523K | $193K | $330K | $1 | — | View 990 |
| 2011 | $135K | $138K | $57 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $124K, and assets of $278K (revenue +19.8% year-over-year).
- 2022: Revenue of $98K, expenses of $128K, and assets of $273K (revenue -3.4% year-over-year).
- 2021: Revenue of $102K, expenses of $130K, and assets of $351K (revenue +5.3% year-over-year).
- 2020: Revenue of $97K, expenses of $148K, and assets of $349K (revenue -51.6% year-over-year).
- 2019: Revenue of $200K, expenses of $180K, and assets of $392K (revenue -47.8% year-over-year).
- 2015: Revenue of $383K, expenses of $192K, and assets of $535K (revenue +63.9% year-over-year).
- 2014: Revenue of $234K, expenses of $216K, and assets of $342K (revenue +46.4% year-over-year).
- 2013: Revenue of $160K, expenses of $167K, and assets of $325K (revenue -69.5% year-over-year).
- 2012: Revenue of $523K, expenses of $193K, and assets of $330K (revenue +286.2% year-over-year).
- 2011: Revenue of $135K, expenses of $138K, and assets of $57.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Agape Foundation Inc:
Data Sources and Methodology
This transparency report for Agape Foundation 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.