Akiptan

Analysis

Akiptan is a registered charity in United States, based in Eagle Butte, SD. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Akiptan reported income of $5.7m and spending of $2.3m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $5.7m (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 534%. Over the whole period it spent 21% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Akiptan sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within SD. Charities of a similar size with the same main cause include Friends of Catholic University in Chile Inc ($5.7m), Yes Housing Inc ($5.7m) and Day Nursery of Abilene ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $122k (5.3% of expenses). Other salaries and wages came to $562k. At year end it held assets of $26.9m against liabilities of $9.5m, net assets of $17.4m. It reported 17 employees.