Akbo

Analysis

Akbo is a registered charity in United States, based in Stone MTN, GA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Akbo reported income of $51k and spending of $96k, spending 190% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $52k to $51k (-2.0%), an average of -2.0% a year. Over the whole period it spent 165% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Akbo sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within GA. Charities of a similar size with the same main cause include Windword Ministries ($51k), Healing Rooms of Buffalo-Niagara ($51k) and Palms 23 Foundation ($51k).

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 $50k against liabilities of $0, net assets of $50k.