American Agape Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,396,896 | 2,564,200 | −167,304 | -9.7 | 0% |
| 2021 | 2,477,996 | 2,725,947 | −247,951 | -10.2 | 0% |
| 2022 | 3,912,783 | 2,766,097 | 1,146,686 | -5.1 | 0% |
| 2023 | 3,135,536 | 3,182,444 | −46,908 | -4.6 | 0% |
In its most recent public year (2023), this organization spent $46,908 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.6 months), up from -9.7 in 2020. Staff pay was 0% 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 2023. 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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