Akima Club Inc

Analysis

Akima Club Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Akima Club Inc reported income of $187k and spending of $122k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $165k to $187k (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 524%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Akima Club Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Junior League of Tallahassee Inc ($187k), Greater Fergus Falls Corp ($187k) and FB Community Land Trust Inc ($187k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.