Charity

AkarakA

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About

What does AkarakA do?

AkarakA empowers underprivileged young adults by providing them with formal education opportunities through financial support, enabling them to reach their full potential and build a better future for themselves and their communities.

Founded

2011

People

elizabeth jane baker, shah hitesh motichand, pascale francoise renee desbat dillon, ramaraj raghuprakash, robert vogtle, chizoba nnamchi

Causes

No Poverty Education

Highlights

Donations are tax-deductible
Registered Charity
Established since 2011
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Increased access to education for underprivileged young adults, leading to improved economic opportunities and social mobility.
Reduction in income inequality by providing financial support for education, which can help break the cycle of poverty.
Enhanced corporate engagement with local communities through mentorship programs, fostering a sense of corporate responsibility and civic involvement.
Improved workforce skills and competitiveness as students are matched with experienced professionals from the corporate world who can provide guidance and support in their career development.
Strengthened social cohesion by promoting collaboration between individuals, companies, foundations, and underprivileged communities to address shared challenges and promote mutual understanding.

Financials

Donation Income

S$NaNIn 2022

What are the donations used for?

Increased access to education for underprivileged young adults, leading to improved economic opportunities and social mobility.
Reduction in income inequality by providing financial support for education, which can help break the cycle of poverty.
Enhanced corporate engagement with local communities through mentorship programs, fostering a sense of corporate responsibility and civic involvement.
Improved workforce skills and competitiveness as students are matched with experienced professionals from the corporate world who can provide guidance and support in their career development.
Strengthened social cohesion by promoting collaboration between individuals, companies, foundations, and underprivileged communities to address shared challenges and promote mutual understanding.

Financial Information

Source: Charity Portal

Charities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.

Receipts
Donations in Cash
Tax-Deductible
Non Tax-Deductible
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Investment Income
Programme Fees
Others Income
Total Receipts
Capital in Nature

Expenses
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Overseas (Direct & Support)
Charitable Activities/Programme Expenses
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Total Expenditure

Balance Sheet
Assets
Land and Buildings
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Liabilities
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Total Funds and Liabilities

Other Information
Donations, Grants and Sponsorships given to other registred charities
No. of Employees
Total Employee Cost
Fudnraisig Efficiency Ratio
Total Related Party Transactions

N.A: This charity is not required to submit Online Financial Summary for the respective Financial Year.

- : This field is not required for the respective Financial Year