Akari Foundation

Analysis

Akari Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2017, 9 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, Akari Foundation reported income of $382k and spending of $341k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $191k to $382k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Akari Foundation 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 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Junior Achievement of Northwestern Ohio ($382k), Honey Shine Inc ($382k) and Mercy Force International ($382k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). Other salaries and wages came to $23k. At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 3 employees.