Agape Source Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 549,469 | 192,618 | 356,851 | 21.2 | 41% |
| 2021 | 222,831 | 209,216 | 13,615 | 20.3 | 44% |
| 2022 | 246,888 | 266,497 | −19,609 | 15.1 | 48% |
| 2023 | 237,129 | 276,811 | −39,682 | 12.8 | 38% |
In its most recent public year (2023), this organization spent $39,682 more than it brought in. Its reserves stood at about 12.8 months of spending, down from 21.2 in 2020. Staff pay was 38% of spending. $20,000 of its net assets are donor-restricted.
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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