Project Akilah Inc

Analysis

Project Akilah Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Project Akilah Inc reported income of $874k and spending of $1.8m, spending 212% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.4m to $874k (-74%), an average of -29% a year. The sharpest change came in the year to August 2023, when income dropped by 53%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Akilah Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Jackson County United Way Inc ($874k), When the Saints ($875k) and Dripping Springs Athletic Booster Club ($874k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $947k against liabilities of $182k, net assets of $765k.