Aakoma Project Inc

Analysis

Aakoma Project Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aakoma Project Inc reported income of $236k and spending of $1.6m, spending 660% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $236k (-79%), an average of -41% a year. The sharpest change came in the year to December 2022, when income rose by 601%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aakoma Project Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Conroe High School Band Boosters ($236k), Wisconsin Troopers Benevolent Foundation ($236k) and Nevada School of Inquiry ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $240k (15% of expenses). Other salaries and wages came to $490k. At year end it held assets of $1.5m against liabilities of $50k, net assets of $1.5m. It reported 10 employees.