Aks Foundation Inc
Aks Foundation Inc shows consistent asset growth and zero officer compensation, with fluctuating but recovering revenues.
EIN: 205960221 · Hamilton, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $275K |
| Total Expenses | $53K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $477,061 |
| Net Assets | $477K |
| Transparency Score | 85/100 |
Is Aks Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aks Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aks Foundation Inc
Aks Foundation Inc (EIN: 205960221) is a nonprofit organization based in Hamilton, NJ, classified under NTEE code T22. The organization reported total revenue of $275K and total assets of $651K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aks Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aks Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $117K |
| Total Expenses | $53K |
| Surplus / Deficit | +$64K |
| Total Assets | $477K |
| Total Liabilities | $1 |
| Net Assets | $477K |
| Operating Margin | 54.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 108.2 months |
Financial Health Grade: A
In 2023, Aks Foundation Inc reported a surplus of $64K with revenue exceeding expenses, holds 108.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Aks Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +267.2% | +91.9% | +15.4% |
| 2022 | -62.1% | -0.4% | +1.0% |
| 2020 | -121.9% | -70.9% | -8.5% |
| 2019 | -11.1% | -18.9% | -34.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aks Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Aks Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $64K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are not compensated, which is highly favorable for a nonprofit of its size with assets reaching $477,061 in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aks Foundation Inc's IRS 990 filings:
- Negative revenue reported in 2020 (-$16,259), though this has since recovered.
Strengths
The following positive indicators were identified for Aks Foundation Inc:
- Consistent asset growth, reaching $477,061 in 2023.
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Extremely low liabilities ($1 consistently reported), demonstrating strong financial management.
- Strong program spending ratio, with expenses significantly lower than revenue in recent years (e.g., $52,914 expenses vs. $116,615 revenue in 2023).
Frequently Asked Questions about Aks Foundation Inc
Is Aks Foundation Inc a legitimate charity?
Aks Foundation Inc (EIN: 205960221) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $275K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Aks Foundation Inc spend its money?
Aks Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Aks Foundation Inc tax-deductible?
Aks Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205960221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Aks Foundation Inc CEO make?
Aks Foundation Inc's highest-compensated officer earns $477,061 annually. The organization reported $275K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Aks Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Aks Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aks Foundation Inc located?
Aks Foundation Inc is headquartered in Hamilton, New Jersey and files with the IRS under EIN 205960221. It is classified under NTEE code T22.
How many years of IRS 990 filings does Aks Foundation Inc have?
Aks Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $275K in total revenue.
Is Aks Foundation Inc a good charity?
Based on the available data, Aks Foundation Inc appears to be a good charity. It demonstrates strong financial health with growing assets, very low liabilities, and a commitment to not compensating its officers, which suggests a high dedication to its mission and efficient use of funds.
How has Aks Foundation Inc's revenue trended over time?
Aks Foundation Inc's revenue has fluctuated significantly. After a period of higher revenues in 2011-2015, it saw a negative revenue of -$16,259 in 2020, but has since recovered to $116,615 in 2023, showing an upward trend in recent years.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all ten available filings, indicating that its leadership serves on a volunteer basis.
How do Aks Foundation Inc's liabilities compare to its assets?
Aks Foundation Inc maintains extremely low liabilities, consistently reported as $1, against growing assets that reached $477,061 in 2023, indicating a very strong balance sheet and minimal financial risk.
Filing History
IRS 990 filing history for Aks Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Aks Foundation Inc's revenue has grown by 121.1%, moving from $53K to $117K. Total assets decreased by 39.3% over the same period, from $786K to $477K. Total functional expenses fell by 52.6%, from $112K to $53K. In its most recent filing year (2023), Aks Foundation Inc reported a surplus of $64K, with revenue exceeding expenses. The organization holds $1 in liabilities against $477K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $477K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $117K | $53K | $477K | $1 | — | — |
| 2022 | $32K | $28K | $413K | $1 | — | View 990 |
| 2021 | $84K | $28K | $409K | $1 | — | View 990 |
| 2020 | $-16,259 | $21K | $353K | $1 | — | — |
| 2019 | $74K | $72K | $386K | $1 | — | View 990 |
| 2015 | $84K | $89K | $588K | $1 | — | View 990 |
| 2014 | $43K | $108K | $642K | $1 | — | View 990 |
| 2013 | $42K | $96K | $707K | $1 | — | View 990 |
| 2012 | $57K | $87K | $760K | $1 | — | View 990 |
| 2011 | $53K | $112K | $786K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $117K, expenses of $53K, and assets of $477K (revenue +267.2% year-over-year).
- 2022: Revenue of $32K, expenses of $28K, and assets of $413K (revenue -62.1% year-over-year).
- 2021: Revenue of $84K, expenses of $28K, and assets of $409K.
- 2020: Revenue of $-16,259, expenses of $21K, and assets of $353K (revenue -121.9% year-over-year).
- 2019: Revenue of $74K, expenses of $72K, and assets of $386K (revenue -11.1% year-over-year).
- 2015: Revenue of $84K, expenses of $89K, and assets of $588K (revenue +93.9% year-over-year).
- 2014: Revenue of $43K, expenses of $108K, and assets of $642K (revenue +2.2% year-over-year).
- 2013: Revenue of $42K, expenses of $96K, and assets of $707K (revenue -26.5% year-over-year).
- 2012: Revenue of $57K, expenses of $87K, and assets of $760K (revenue +9.0% year-over-year).
- 2011: Revenue of $53K, expenses of $112K, and assets of $786K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aks Foundation Inc:
Data Sources and Methodology
This transparency report for Aks Foundation Inc 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.