Akola Academy Inc

Analysis

Akola Academy Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Akola Academy Inc reported income of $139k and spending of $132k, spending 95% of its income. Across the 2 years on record, from December 2019 to December 2022, income fell from $297k to $139k (-53%), an average of -53% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Akola Academy Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Higher Education Foundation ($139k), Reciprocity Foundation Inc ($139k) and Interfaith Volunteer Caregivers of Burnett County Inc ($139k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.