Akvo Foundation USA

Analysis

Akvo Foundation USA is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in June 2012, 14 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, Akvo Foundation USA reported income of $638k and spending of $150k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $236k to $638k (+170%), an average of +170% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Akvo Foundation USA sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include National Christian Foundation Southwest ($637k), Eclc Foundation a New Jersey Non Profit Corporation ($638k) and The Muslim Society of Delaware Valley ($637k).

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 $888k against liabilities of $379k, net assets of $508k.