Akadimi Foundation

Analysis

Akadimi Foundation is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Akadimi Foundation reported income of $71k and spending of $77k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $71k (+183%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 3499%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Akadimi Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Grace Mission to the World Inc ($71k), Hands of Friendship Mission Inc ($71k) and So Chabe Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $15k (20% of expenses). At year end it held assets of $33k against liabilities of $71, net assets of $33k.