Agape Cares Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 573,800 | 896,005 | −322,205 | -4.4 | 33% |
| 2021 | 800,726 | 747,250 | 53,476 | -4.5 | 40% |
| 2022 | 905,483 | 928,195 | −22,712 | -3.9 | 52% |
In its most recent public year (2022), this organization spent $22,712 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.9 months). Staff pay was 52% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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