Akashinga Inc

Analysis

Akashinga Inc is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Akashinga Inc reported income of $13.5m and spending of $7.6m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $13.5m (+605%), an average of +63% a year. The sharpest change came in the year to December 2021, when income rose by 214%. Over the whole period it spent 70% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Akashinga Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Progressive Animal Welfare Society Inc ($13.5m), Big Dog Ranch Rescue Inc ($13.6m) and National Anti-Vivisection Society ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $210k (2.8% of expenses). Other salaries and wages came to $235k. At year end it held assets of $9.9m against liabilities of $103k, net assets of $9.8m. It reported 4 employees.