Akalaka Foundation Inc

Analysis

Akalaka Foundation Inc is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Akalaka Foundation Inc reported income of $81k and spending of $35k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $81k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Akalaka Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Advance Shullsburg Inc ($81k), Urban District Alliance Inc ($81k) and Downtown Pullman Association ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.