Akwa Ibom State Association of Nigeria USA

Analysis

Akwa Ibom State Association of Nigeria USA is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1990, 36 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, Akwa Ibom State Association of Nigeria USA reported income of $249k and spending of $277k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $249k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Akwa Ibom State Association of Nigeria USA sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 33rd percentile within DC. Charities of a similar size with the same main cause include Viet Voices ($249k), The Arc of Texas ($249k) and Turning Point of Steuben County Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of -$28k against liabilities of $0, net assets of -$28k.