Akademiya2063

Analysis

Akademiya2063 is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2023, Akademiya2063 reported income of $7.9m and spending of $7.7m, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $5.2m to $7.9m (+53%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Akademiya2063 sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Sakhi for South Asian Survivors Inc ($7.9m), Metro World Child Foundation Inc ($8.0m) and Jewish Relief Network Ukraine ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $2.4m (31% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.4m against liabilities of $3.1m, net assets of $238k. It reported 3 employees.