Akshaya USA

Analysis

Akshaya USA is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in October 2010, 16 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 (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, Akshaya USA reported income of $128k and spending of $126k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $128k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Akshaya USA sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include Random Tuesday Inc ($128k), First Fruits Foundation Inc ($128k) and American Friends of the Shemaya School for Deaf Children in Isreal ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $79, net assets of $41k.