Akshaya Patra Foundation USA

Analysis

Akshaya Patra Foundation USA is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Akshaya Patra Foundation USA reported income of $15.5m and spending of $5.0m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $15.5m (+104%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Akshaya Patra Foundation USA sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include YWCA of Minneapolis ($15.5m), Stark County Community Action Agency ($15.5m) and 412 Food Rescue Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $14.9m against liabilities of $1.2m, net assets of $13.7m. It reported 17 employees.