Akanksha Education Fund Inc

Analysis

Akanksha Education Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2023, Akanksha Education Fund Inc reported income of $2.6m and spending of $1.9m, leaving 26% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.5m to $2.6m (+5.1%), an average of +1.3% a year. The sharpest change came in the year to March 2022, when income rose by 74%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Akanksha Education Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Caspian Policy Center ($2.6m), SRV Inc ($2.6m) and American Friends of Kiryat Sanz Laniado Hospital Inc ($2.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $169k (8.9% of expenses). Other salaries and wages came to $81k. At year end it held assets of $3.6m against liabilities of $20k, net assets of $3.6m. It reported 4 employees.