AKANKSHA EDUCATION FUND INC

EIN: 133976569 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$1,006,304
Total Expenses
$1,387,214
Total Assets
$2,922,986
Net Assets
$2,899,823
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
RAMESH SRINIVASAN
Phone
9179306515
Tax Period
2024-04-01 to 2025-03-31

AKANKSHA EDUCATION FUND INC, founded in 1996, is a community nonprofit in the International Affairs sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED CHILDREN IN INDIA, AND RAISING SUPPORT FOR AND AWARENESS OF SUCH ACTIVITIES IN THE UNITED STATES. THROUGH ITS ACTIVITIES, AKANKSHA EDUCATION FUND INC. ENABLES SOME OF THE MOST MARGINALIZED CHILDREN IN THE WORLD TO MAXIMIZE THEIR POTENTIAL AND TRANSFORM THEIR LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $936,701
Program Service Revenue $0
Investment Income $69,603
Other Revenue $0
TOTAL REVENUE $1,006,304

Expense Breakdown

Grants Paid $827,350
Salaries & Benefits $369,791
Fundraising Expenses $223,303
Program Expenses $1,024,913
Other Expenses $190,073
TOTAL EXPENSES $1,387,214

Year-over-Year Comparison

2024 2023 Change
Revenue $1,006,304 $2,186,595 -0.5%
Expenses $1,387,214 $2,473,631 -0.4%
Net Income $-380,910 $-287,036 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
4
Volunteers
23

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$184,354
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANKAR IYER PRESIDENT 5.00
Officer Director
$0 $0 $0
BHARTI MALKANI VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
KATE SHOEMAKER SECRETARY 4.00
Officer Director
$0 $0 $0
FALGUNI MALKANI TREASURER 5.00
Officer Director
$0 $0 $0
NYMRATA ADVANI DIRECTOR 1.00
Director
$0 $0 $0
REENA BATRA DIRECTOR 1.00
Director
$0 $0 $0
PULKESHI JAPE DIRECTOR 1.00
Director
$0 $0 $0
SACHIN JINDAL DIRECTOR 1.00
Director
$0 $0 $0
RUYINTAN MEHTA DIRECTOR 1.00
Director
$0 $0 $0
ANJALI MELWANI DIRECTOR 1.00
Director
$0 $0 $0
AMIR MIRZA DIRECTOR 1.00
Director
$0 $0 $0
MEDHA PRAKASH DIRECTOR 1.00
Director
$0 $0 $0
SRIVIDYA PRAKASH DIRECTOR 1.00
Director
$0 $0 $0
SARAH H ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
MONICA SHETH DIRECTOR 1.00
Director
$0 $0 $0
RAMESH SRINIVASAN DIRECTOR 1.00
Director
$0 $0 $0
SEJAL DESAI EXECUTIVE DIRECTOR 40.00
Officer
$173,919 $10,435 $184,354
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,006,304 $1,387,214 $2,922,986 $-380,910
2024 $2,186,595 $2,473,631 $3,316,934 $-287,036
2023 $2,580,109 $1,897,972 $3,590,151 $682,137
2022 $2,850,540 $2,122,481 $2,904,487 $728,059
2021 $1,641,863 $1,995,952 $2,241,491 $-354,089
2020 $1,687,215 $1,906,599 $2,560,626 $-219,384
2019 $2,453,933 $1,474,756 $2,875,076 $979,177
2018 $1,828,075 $2,246,920 $1,877,315 $-418,845
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