Akers & Akers Foundation Inc

Analysis

Akers & Akers Foundation Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in April 2021, 5 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, Akers & Akers Foundation Inc reported income of $67k and spending of $128k, spending 192% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $208k to $67k (-68%), an average of -68% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Akers & Akers Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include International Junior Brangus Breeders Association Legacy Founda ($67k), Thurmont Senior Center Inc ($67k) and Big Walnut Friends Who Share Program ($67k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $802 against liabilities of $0, net assets of $802.