Friends of Akim U S a Inc

Analysis

Friends of Akim U S a Inc is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in December 1979, 47 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Friends of Akim U S a Inc reported income of $129k and spending of $87k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $129k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 411%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Akim U S a Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include The Spina Bifida Coalition Inc ($129k), Corner Stone Church of God ($129k) and M Club Foundation University of Maryland Inc ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (54% of expenses). At year end it held assets of $63k against liabilities of $4,995, net assets of $58k. It reported 1 employees.