Our Commitment to Transparency
Compliance with Regulations
At Aakkam Foundation, we prioritize financial accountability and compliance to ensure your contributions are managed transparently and responsibly
In The USA
Aakkam Foundation is a registered 501(c)(3) nonprofit organization. This designation ensures that we meet the highest standards of nonprofit governance as outlined by the Internal Revenue Service (IRS). Donations made to Aakkam Foundation in the USA are tax-deductible to the fullest extent permitted by law. Our financial records are regularly reviewed and audited to maintain compliance with IRS regulations.
In India
Aakkam Foundation is registered under Section 80G of the Income Tax Act, 1961. This certification allows donors in India to claim tax deductions for their contributions, offering further incentives to support our mission. Our financial operations in India comply with all applicable laws and undergo regular audits to maintain transparency and trust.
By adhering to these stringent regulatory standards, Aakkam ensures that every dollar and rupee donated is utilized effectively to create meaningful impact in the lives of children and communities in need.
Financial Summary Dashboard
Financial Overview by Year
Financial Overview by Program
Aakkam Schools
Aakkam Scholarship
Aakkam Vision
Annual Financial Report
FY 2021 – 2022
FY 2022 – 2023
FY 2023 – 2024
FY 2024 – 2025
Compliance and Certifications
At Aakkam Foundation, we follow a rigorous process to ensure that all funds are tracked, allocated, and utilized with utmost transparency and efficiency.
Separate Auditors in the USA and India
Aakkam engages independent auditors in both the USA and India to conduct annual audits. These external auditors review all financial transactions, ensuring compliance with local regulations, including 501(c)(3) standards in the USA and Section 80G in India.
Annual Reporting
We file detailed financial reports once a year, providing a comprehensive view of income, expenses, and fund allocations for all programs and projects. These reports are made available to donors, funding organizations, and regulatory authorities.
Tracking Funds Across Programs
Our finance team meticulously tracks funds received and allocated for each program and project. We maintain separate records for funds raised in the USA and India, ensuring compliance with respective financial laws.
Internal Controls
In addition to external audits, we implement strict internal controls to monitor day-to-day financial operations, prevent misuse, and ensure proper allocation of resources.
By maintaining clear, transparent, and accountable financial processes, Aakkam Foundation upholds the trust of our donors and stakeholders while maximizing the impact of every contribution.