Akarama Foundation Inc

Analysis

Akarama Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Akarama Foundation Inc reported income of $407k and spending of $473k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $358k to $407k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Akarama Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Hockey and Rink Protection Inc ($407k), American Chemical Society ($407k) and Inland Empire Harm Reduction ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $48k. At year end it held assets of $1.4m against liabilities of $3,588, net assets of $1.4m.