Agape Homes Cdc
EIN: 462978748 · Houston, TX · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $932K |
| Net Assets | $5.5M |
Is Agape Homes Cdc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Agape Homes Cdc
Agape Homes Cdc (EIN: 462978748) is a nonprofit organization based in Houston, TX, classified under NTEE code L21. The organization reported total revenue of $5.2M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Agape Homes Cdc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Agape Homes Cdc is a mid-size nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -24.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $932K |
| Surplus / Deficit | +$616K |
| Total Assets | $6.2M |
| Total Liabilities | $742K |
| Net Assets | $5.5M |
| Operating Margin | 39.8% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 80.1 months |
Financial Health Grade: A
In 2023, Agape Homes Cdc reported a surplus of $616K with revenue exceeding expenses, holds 80.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Agape Homes Cdc's revenue has declined at a compound annual growth rate (CAGR) of -24.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.9% | -40.8% | +14.4% |
| 2022 | +42.1% | +4267.1% | +99.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Agape Homes Cdc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Agape Homes Cdc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $616K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.9%.
Frequently Asked Questions about Agape Homes Cdc
Is Agape Homes Cdc a legitimate charity?
Agape Homes Cdc (EIN: 462978748) is a registered tax-exempt nonprofit based in Texas. It has 3 years of IRS 990 filings on record. Total revenue: $5.2M. No red flags identified. Financial health grade: A.
How does Agape Homes Cdc spend its money?
Agape Homes Cdc reported $5.2M in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Agape Homes Cdc tax-deductible?
Agape Homes Cdc is registered as a tax-exempt nonprofit (EIN: 462978748). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Agape Homes Cdc located?
Agape Homes Cdc is headquartered in Houston, Texas and files with the IRS under EIN 462978748. It is classified under NTEE code L21.
How many years of IRS 990 filings does Agape Homes Cdc have?
Agape Homes Cdc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $5.2M in total revenue.
Filing History
IRS 990 filing history for Agape Homes Cdc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Agape Homes Cdc's revenue has declined by 43%, moving from $2.7M to $1.5M. Total assets increased by 128% over the same period, from $2.7M to $6.2M. Total functional expenses rose by 2486.4%, from $36K to $932K. In its most recent filing year (2023), Agape Homes Cdc reported a surplus of $616K, with revenue exceeding expenses. The organization holds $742K in liabilities against $6.2M in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $932K | $6.2M | $742K | — | View 990 |
| 2022 | $3.9M | $1.6M | $5.4M | $475K | — | — |
| 2021 | $2.7M | $36K | $2.7M | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $932K, and assets of $6.2M (revenue -59.9% year-over-year).
- 2022: Revenue of $3.9M, expenses of $1.6M, and assets of $5.4M (revenue +42.1% year-over-year).
- 2021: Revenue of $2.7M, expenses of $36K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Agape Homes Cdc:
Data Sources and Methodology
This transparency report for Agape Homes Cdc 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.