Ashakiran Inc

Analysis

Ashakiran Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover human services, 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, Ashakiran Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.2m (+0.6%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ashakiran Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Father Carrs PL 2b ($1.2m), Pollination Project Foundation ($1.2m) and Animal Crackers Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $83k (6.9% of expenses). Other salaries and wages came to $622k. At year end it held assets of $1.4m against liabilities of $6,228, net assets of $1.4m. It reported 15 employees.