Akiing Community Development Corporation

Analysis

Akiing Community Development Corporation is a registered charity in United States, based in Callaway, MN. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2022, Akiing Community Development Corporation reported income of $4.0m and spending of $2.6m, leaving 36% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $200k to $4.0m (+1908%), an average of +172% a year. The sharpest change came in the year to June 2021, when income rose by 2133%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Akiing Community Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Union County College Foundation Inc ($4.0m), Community Christian School of Tallahassee Inc ($4.0m) and Oak Hills Fellowship Inc ($4.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $150k (5.9% of expenses). Other salaries and wages came to $853k. At year end it held assets of $2.6m against liabilities of $555k, net assets of $2.0m. It reported 95 employees.