Akonda Ministries

Analysis

Akonda Ministries is a registered charity in United States, based in Lawrenceburg, KY. It received its IRS tax-exemption ruling in February 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 (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, Akonda Ministries reported income of $197k and spending of $217k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $197k (+206%), an average of +206% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Akonda Ministries sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within KY. Charities of a similar size with the same main cause include New Hope Centre Inc ($196k), Love for Romania ($197k) and Friends of Ostomates Worldwide - USA Inc ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.