Akala Family Foundation
EIN: 843968240 · Cologne, MN · NTEE: Q32
| Metric | Value |
|---|---|
| Total Revenue | $491K |
| Total Expenses | $125K |
| Net Assets | $127K |
Is Akala Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Akala Family Foundation
Akala Family Foundation (EIN: 843968240) is a nonprofit organization based in Cologne, MN, classified under NTEE code Q32. The organization reported total revenue of $491K and total assets of $667K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Akala Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Akala Family Foundation is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 43.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $163K |
| Total Expenses | $125K |
| Surplus / Deficit | +$38K |
| Total Assets | $127K |
| Net Assets | $127K |
| Operating Margin | 23.4% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, Akala Family Foundation reported a surplus of $38K with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Akala Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 43.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.2% | +69.4% | +43.0% |
| 2022 | +50.4% | +22.0% | +132.4% |
| 2021 | +49.8% | +54.6% | +138.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Akala Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Akala Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38K, with revenue exceeding expenses.
Frequently Asked Questions about Akala Family Foundation
Is Akala Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Akala Family Foundation (EIN: 843968240) insufficient data. 0 red flags identified, 0 strengths noted.
How does Akala Family Foundation spend its money?
Detailed spending breakdown data is not yet available for Akala Family Foundation. Check back for updated IRS 990 analysis.
Are donations to Akala Family Foundation tax-deductible?
Akala Family Foundation is registered as a tax-exempt nonprofit (EIN: 843968240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Akala Family Foundation located?
Akala Family Foundation is headquartered in Cologne, Minnesota and files with the IRS under EIN 843968240. It is classified under NTEE code Q32.
How many years of IRS 990 filings does Akala Family Foundation have?
Akala Family Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $491K in total revenue.
Filing History
IRS 990 filing history for Akala Family Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Akala Family Foundation's revenue has grown by 195.8%, moving from $55K to $163K. Total assets increased by 691.2% over the same period, from $16K to $127K. Total functional expenses rose by 219.5%, from $39K to $125K. In its most recent filing year (2023), Akala Family Foundation reported a surplus of $38K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $163K | $125K | $127K | $0 | — | — |
| 2022 | $124K | $74K | $89K | $0 | — | View 990 |
| 2021 | $83K | $61K | $38K | $0 | — | View 990 |
| 2020 | $55K | $39K | $16K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $163K, expenses of $125K, and assets of $127K (revenue +31.2% year-over-year).
- 2022: Revenue of $124K, expenses of $74K, and assets of $89K (revenue +50.4% year-over-year).
- 2021: Revenue of $83K, expenses of $61K, and assets of $38K (revenue +49.8% year-over-year).
- 2020: Revenue of $55K, expenses of $39K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Akala Family Foundation:
Data Sources and Methodology
This transparency report for Akala Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.