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The Akanksha Foundation

Sector: Education
Sub Sector: School Ops
Tax Deduction: 50% u/s 80G of The Income Tax Act, 1961
FCRA:

UN Sustainable Development Goals:
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% Spent on Beneficiaries

83%
HelpYourNGO USP: Our Research Team studies the NGO's financials to arrive at ratios, variances and the % spent on beneficiaries. This % is the proportion of direct program expenses to total expenditure for the latest financial year, indicating the total direct spend on beneficiaries.

Year of Establishment : 1991
Registered Address : Voltas House C, TB Kadam Marg, Chinchpokli, Mumbai 400033, Maharashtra
Presence : Maharashtra
Website : https://www.akanksha.org
Email : admin@akanksha.org
Telephone : +91 22 23700253
Donor Contact : Ms. Ashima Suri / +91 22 23729880 / ashima.suri@akanksha.org
Registered Under : The Bombay Public Trust Act, 1950
The Societies Registration Act, 1860
Auditor : Haribhakti & Co.
Bankers : Bank of Maharashtra, HDFC Bank, Kotak Mahindra Bank
Trustees/Directors/Managing Committee: : Mr. Aditya Natraj - Trustee, Ms. Anu Aga - Trustee, Ms. Meher Pudumjee - Trustee, Ms. Nandita Dugar - Trustee, Mr. Neel Shahani - Trustee, Mr. Shaheen Mistri - Trustee, Ms. Srila Chatterjee - Trustee, Mr. Saurabh Taneja - CEO, Mr. VT Bharadwaj - Trustee

The Akanksha Foundation provides high quality education to children from low-income communities through various schools which are in partnership with local municipalities with the vision of creating small clusters of model schools that can be used to impact the mainstream education system.

Major Interventions:

The School Project: The NGO believes that holistic education for all children includes excellence in core academic skills, the development of socio-emotional and 21st century skills and values, active partnership with parents and integration with the community. The programme works on 3 pillars:

  • Academic Learning: The multidisciplinary curriculum is reflected in the daily timetable with subjects ranging from Information and Computer Technology, Integration of the Arts in Mathematics and Science to Music, Physical Education (PE) & Sports to even Library/Reading. It ensure the inclusion of technology and use of digital learning techniques in the day-to-day activities of the classroom. 
  • Socio-Emotional Well-being: All Akanksha schools implement Socio Emotional and Ethical (SEE) learning practices as part of their daily timetable. SEE is a creative and pragmatic learning tool aimed at providing socio-emotional support while honing fundamental development skills.
  • Parent Community Engagement & Development: Parents actively engage in the process of their child's development through programs such as the School Management Committee, parent literacy classes, parent volunteerism and community-wide efforts to address key issues such as women's empowerment, substance abuse, physical violence and others.

Alumni Program: The learning and growth of an Akanksha student continues even after they graduate from school. The aim is to guide and support the students through their journey while and after school. A graduation degree enables students with various opportunities, but that alone does not equip a student to face life’s challenges.

Project Setu: The Union Government’s New Education Policy’s (NEP) 2020 vision is supported  by using the schools as models and partnering with Leadership For Equity to develop “City as a Unit of Change”.

FY 2020 (₹) FY 2021 (₹) FY 2022 (₹)
Income
Government Sources - - -
Foreign Sources - - 278,285,111
Institutional Sources 410,908,201 376,125,225 211,604,786
General Donations 15,186,702 42,511,963 26,702,943
Sales/Fees 2,576,750 179,970 233,722
Interest/Dividend 20,651,570 20,447,551 15,711,087
Other Income 1,799,327 2,749,176 103,205
Total Income (A) 451,122,550 442,013,885 532,640,854
 
Expenditure
Direct Program Activities 374,771,229 346,922,060 234,023,942
Program Staff Cost - - 174,817,770
Travel Expenses - - 258,069
Direct Program Expenses 374,771,229 346,922,060 408,841,712
Fund Raising Expenses - - 816,804
General Staff Cost 2,911,158 2,942,892 31,075,818
Overhead Expenses 42,446,990 41,269,433 21,594,120
Depreciation 10,604,846 18,246,783 32,001,018
Other Expenses/Transfers 14,565 9,502 216,745
Total Expenditure (B) 430,748,788 409,390,670 494,804,286
 
Surplus / Deficit (A-B) 20,373,762 32,623,215 37,836,568
Assets
Fixed Assets 31,325,578 46,077,357 63,188,884
Current Assets 27,875,620 28,290,897 27,689,345
Cash And Bank 172,262,389 171,954,603 262,553,358
Total Current Assets 231,463,587 246,322,857 353,431,587
Investments 193,319,679 267,439,770 149,319,792
Accumulated Deficits - - -
Total Assets 424,783,266 513,762,627 502,751,379
 
Liabilities
Trust Corpus 78,825,206 78,825,206 79,075,206
General Funds 218,938,790 251,562,005 289,398,572
Earmarked Funds - - 75,713,946
Unutilized Grants 90,033,621 141,003,447 -
Total 387,797,617 471,390,658 444,187,724
Loans - - -
Loans (From Members) - - -
Current Liabilities 36,985,649 42,371,969 58,563,655
Other Liabilities - - -
Total Liabilities 424,783,266 513,762,627 502,751,379
1) The amount of foreign sources have been taken from FCRA reports.
2) No detailed notes to account provided for expenditure breakup for FY20, FY21.
3) Fund raising expenses include marketing charges.
4) Other expenses include bad debts, assets write off, loss on sale of assets, etc.
5) Earmarked funds include grants/donations received in advance.
FY 2020 FY 2021 FY 2022
Beneficiary Details
Direct Beneficiaries (nos.) - - -
Indirect Beneficiaries (nos.) - - -
Average Cost per Direct Beneficiary (₹) - - -
Staff Details
No. of Staff - - -
Number of Consultants - - -
Number Of Volunteers - - -
Total - - -
Highest Paid Full-Time Staff (₹ p.a.) - - -
Lowest Paid Full-Time Staff (₹ p.a.) - - -
NGO Name Sector Sub Sector Location % Spent on Beneficiaries Income (₹) Expense (₹)
H M Charitable Trust Education Scholarships Maharashtra 100 1,488,546 1,478,865
arr2
Foundation For Excellence India Trust (FFEIT) Education Scholarships Karnataka 99 524,991,566 525,991,417
arr3
K.C. Mahindra Education Trust Education Girl Child Maharashtra 98 614,759,638 549,054,075
arr4
Atulya Vikash Education Services Jharkhand 97 333,630 333,127
The Akanksha Foundation Education School Ops Maharashtra 83 532,640,854 494,804,286
Atma Education Trust Education Services Maharashtra 76 19,739,697 17,160,220


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