Overview
What is Akhuwat Usa?
Akhuwat USA, located in Torrance, California, is a nonprofit organization dedicated to assisting the impoverished. Their primary mission is to provide small loans to individuals aiming to establish their own businesses, thereby empowering them financially. Beyond lending, Akhuwat USA also offers educational opportunities for the underprivileged, contributing to their overall development.
Is Akhuwat Usa legitimate?
Akhuwat Usa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Akhuwat Usa 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Akhuwat Usa?
Akhuwat USA's mission is centered around assisting the economically disadvantaged by providing them with the means to establish small businesses. This is achieved through the distribution of small loans. Furthermore, the organization extends its reach to offer educational opportunities to those in need, aiming to uplift their socio-economic status. In essence, Akhuwat USA strives to empower the underprivileged, helping them to become self-sufficient entrepreneurs and improve their lives.
What is the revenue of Akhuwat Usa?
Akhuwat Usa's revenue in 2023 was -$143,371.
Who are the executives of Akhuwat Usa and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Akhuwat Usa?
Akhuwat Usa's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Akhuwat Usa
Akhuwat USA is an organization dedicated to helping the impoverished by offering them the opportunity to start their own small businesses. This is achieved through the provision of small loans. Beyond financial aid, Akhuwat USA also extends educational opportunities to the underprivileged and needy, aiming to empower them further. The mission of Akhuwat USA is multifaceted, aiming not only to alleviate poverty through entrepreneurship but also to equip the less fortunate with the necessary skills and knowledge to thrive.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Akhuwat USA has made a significant impact by empowering the underprivileged to establish small businesses through the provision of small loans. By facilitating access to financial resources, it enables individuals from disadvantaged backgrounds to break free from the cycle of poverty. This initiative not only fosters entrepreneurship but also boosts local economies by encouraging self-sufficiency and job creation.
In addition to financial assistance, Akhuwat USA is committed to providing educational opportunities to those in need. This dual approach ensures that beneficiaries not only acquire the necessary capital to launch their businesses but also the knowledge and skills required for sustainable success. The organization’s efforts are particularly vital in communities where such support can significantly alter life trajectories, leading to improved living standards and greater societal contributions.
Overall, Akhuwat USA's initiatives serve as a catalyst for transformative change, promoting economic independence and enhancing the quality of life for many individuals and families.
This information is meant to be a general summary of Akhuwat Usa. 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 2023.
- Investment Income: $416
- Gross Receipts: $10,444,103
Assets and Liabilities:
- Total Assets: $10,745,744
- Total Liabilities: $0
- Net Assets: $10,745,744
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Principal Officer
Azhar Hameed
NTEE Category
Code: T20 - Philanthropy
If you are a representative of Akhuwat Usa and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.