Overview
What is Akanksha Education Fund Inc?
Akanksha Education Fund Inc is a nonprofit organization based in New York, dedicated to providing education opportunities for disadvantaged children in India. Over the past three decades, they have established themselves as one of the largest urban networks of public-private partnership schools in India. Their initiatives include operating after-school centers and schools in cities like Mumbai, Pune, and Nagpur, educating approximately 14,000 children and supporting 4,000 alumni. The organization aims to expand its network, share effective practices, and advocate for quality school reform across India. By supporting Akanksha Education Fund Inc, individuals in the United States contribute to enabling marginalized children in India to maximize their potential and transform their lives.
Official website here: www.akankshafund.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 98%, Four-Star out of Four Star rating.
The Akanksha Education Fund Inc has achieved an impressive Four-Star rating, reflecting strong accountability and financial health. With a perfect score of 100 in Accountability & Finance, the organization demonstrates a robust governance structure, including a fully independent board and effective policies in place to manage conflicts of interest and financial oversight. Additionally, its excellent program expense ratio of 83.56% indicates a significant focus on direct program services.
While the organization excels in financial management and transparency, its Culture & Community score of 79 suggests some areas for improvement in engagement and outreach strategies. This score reflects the effectiveness of the nonprofit in fostering an inclusive and supportive community environment. Overall, Akanksha Education Fund Inc is well-regarded for its financial integrity, though there is room to enhance its cultural impact and community involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Akanksha Education Fund Inc legitimate?
Akanksha Education Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Akanksha Education Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $209,239
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,000
For more financial information, click here
Official website here: www.akankshafund.org
What is the mission statement of Akanksha Education Fund Inc?
Akanksha Education Fund Inc's mission is focused on supporting educational opportunities for disadvantaged children in India. They strive to raise awareness and garner support for these initiatives in the United States as well. Through their activities, Akanksha Education Fund Inc enables some of the most marginalized children in the world to maximize their potential and transform their lives. They provide a high-quality education to children from low-income communities, enabling them to excel and improve their lives. Since its inception, Akanksha has been operating in cities like Mumbai and Pune, first through after-school centers and later through their own schools. Currently, they operate 27 schools, serving approximately 14,000 children and 4,000 alumni. Looking ahead, they aim to expand their network of schools, share their effective practices, and advocate for quality school reform for children across India.
Official website here: www.akankshafund.org
Who is the CEO of Akanksha Education Fund Inc?
Ramesh Srinivasan is the President of Akanksha Education Fund Inc.
Official website here: www.akankshafund.org
What is the revenue of Akanksha Education Fund Inc?
Akanksha Education Fund Inc's revenue in 2022 was $2,850,540.
Official website here: www.akankshafund.org
Who are the executives of Akanksha Education Fund Inc and what are their salaries?
The average compensation at Akanksha Education Fund Inc during 2022 was $74,310. There are 4 employees and 13 volunteers at Akanksha Education Fund Inc.
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Official website here: www.akankshafund.org
Where can I find the form 990 for Akanksha Education Fund Inc?
Akanksha Education Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.akankshafund.org
Learn more at the official website: www.akankshafund.org
Mission Statement of Akanksha Education Fund Inc
Akanksha Education Fund Inc is dedicated to supporting educational opportunities for disadvantaged children in India and raising awareness of these initiatives in the United States. Their mission is to enable some of the most marginalized children in the world to maximize their potential and transform their lives. They accomplish this by providing a high-quality education to children from low-income communities, first through after-school centers and then, since 2007, through their Akanksha Schools. Currently, the foundation operates 27 schools in Mumbai, Pune, and Nagpur, serving approximately 14,000 children and 4,000 alumni. Looking ahead, Akanksha Education Fund Inc aims to expand their network of schools, share their effective practices, and advocate for quality school reform for children across India.
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Impact
October, 2024
Akanksha Education Fund Inc significantly impacts the lives of disadvantaged children in India by providing access to high-quality education. Through its initiative, the Akanksha Foundation, the organization has been pivotal in uplifting children from low-income communities in Mumbai, Pune, and Nagpur for over 30 years. By running 27 schools and after-school centers, Akanksha serves approximately 14,000 children, equipping them with the skills and knowledge necessary to maximize their potential.
The foundation is one of the largest urban networks of public-private partnership schools in India, a model that not only enhances the educational landscape but also supports community growth. The focus on quality education empowers children to transform their lives, breaking the cycle of poverty and enabling them to aspire for better futures. Furthermore, Akanksha aims to expand its network of schools while actively advocating for quality school reform, striving to influence education policies to benefit marginalized children across India. Through its efforts, the organization raises awareness and support in the United States, reinforcing a commitment to educational equity and social change.
This information is meant to be a general summary of Akanksha Education Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,591
- Gross Receipts: $2,891,803
Assets and Liabilities:
- Total Assets: $2,904,487
- Total Liabilities: $16,512
- Net Assets: $2,887,975
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Organization Details
Founding Year
1996
Phone
(917) 930-6515Principal Officer
Ramesh Srinivasan
Main Address
PO BOX 2038, NEW YORK, NY, 10113
Website
www.akankshafund.orgNTEE Category
Code: Q123 - International
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