Akademic Foundation Inc

Analysis

Akademic Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Akademic Foundation Inc reported income of $72k and spending of $90k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $174k to $72k (-59%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 138%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Akademic Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Jamesport Meeting House Preservation Trust Inc ($72k), Indian Athletic Booster Club Inc ($72k) and West Elementary PTO ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.