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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

84%
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 : B. K. Khare & Co.
Bankers : Bank of Maharashtra, HDFC Bank, Kotak Mahindra Bank
Trustees/Directors/Managing Committee: : Mr. Aditya Natraj, Ms. Anu Aga, Ms. Meher Pudumjee, Ms. Nandita Dugar, Mr. Neel Shahani , Mr. Shaheen Mistri, Ms. Srila Chatterjee, Mr. Saurabh Taneja, Mr. VT Bharadwaj

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 aims to create a nurturing educational environment that maximizes student potential through rigorous academic and socio-emotional learning. Each school employs a multidisciplinary curriculum, integrating technology, arts, sports, and digital learning techniques to make lessons engaging and relevant. This approach not only enhances academic knowledge but also prepares students for the modern world through blended learning models and access to digital resources.

Socio-Emotional and Ethical (SEE) Learning is central to Akanksha’s philosophy, supporting students’ holistic development and fostering lifelong skills for personal growth. The foundation actively involves parents and the local community as essential partners in the educational journey, strengthening family engagement through literacy classes, volunteerism, and community-driven initiatives that address critical social issues.

The Alumni Support and Engagement Program recognizes that graduation is only the beginning, it offers career guidance, counselling, and financial support to ensure alumni stay focused on their education and pursue further studies. Through continuous engagement, alumni are connected via workshops, hubs, and a dedicated support hotline, fostering a strong community of ongoing mentorship and assistance. It also creates tailored pathways for alumni, identifying individual strengths and offering opportunities in diverse fields.

Project Setu focuses on enhancing early childhood education and school readiness by integrating pre-primary and primary classrooms, ensuring children in K1-K2 receive a strong educational foundation. It emphasizes teacher development through a network of mentors who support teachers in achieving foundational literacy and numeracy (FLN) goals while promoting student well-being. 

FY 2022 (₹) FY 2023 (₹) FY 2024 (₹)
Income
Government Sources - - -
Foreign Sources 278,285,111 289,699,466 -
Institutional Sources 211,604,786 268,190,471 725,610,401
General Donations 26,702,943 49,541,189 27,303,928
Sales/Fees 233,722 1,692,874 6,512,362
Interest/Dividend 15,711,087 14,624,898 21,051,227
Other Income 103,205 82,868 23,219,148
Total Income (A) 532,640,854 623,831,766 803,697,066
 
Expenditure
Direct Program Activities 234,023,942 498,847,786 618,920,173
Program Staff Cost 174,817,770 - -
Travel Expenses 258,069 - -
Direct Program Expenses 408,841,712 498,847,786 618,920,173
Fund Raising Expenses 816,804 - -
General Staff Cost 31,075,818 4,488,740 4,913,323
Overhead Expenses 21,594,120 78,829,193 91,779,998
Depreciation 32,001,018 24,817,182 24,379,594
Other Expenses/Transfers 216,745 6,120 320,179
Total Expenditure (B) 494,804,286 606,989,021 740,313,267
 
Surplus / Deficit (A-B) 37,836,568 16,842,745 63,383,799
Assets
Fixed Assets 63,188,884 60,093,395 69,004,331
Current Assets 27,689,345 37,931,518 42,969,425
Cash And Bank 262,553,358 314,054,311 24,715,334
Total Current Assets 353,431,587 412,079,224 136,689,090
Investments 149,319,792 126,829,385 367,802,206
Accumulated Deficits - - -
Total Assets 502,751,379 538,908,609 504,491,296
 
Liabilities
Trust Corpus 79,075,206 79,075,206 79,075,206
General Funds 289,398,572 306,241,317 369,625,116
Earmarked Funds 75,713,946 - -
Unutilized Grants - - -
Total 444,187,724 385,316,523 448,700,322
Loans - - -
Loans (From Members) - - -
Current Liabilities 58,563,655 153,592,086 55,790,974
Other Liabilities - - -
Total Liabilities 502,751,379 538,908,609 504,491,296
1) The amount of foreign sources have been taken from FCRA reports which is unavailable for FY24.
2) No detailed breakdown has been provided for expenditure breakup for FY22, and FY23.
3) Fundraising expenses include marketing charges.
4) Other expenses include bad debts, asset write-offs, loss on sale of assets, etc.
FY 2022 FY 2023 FY 2024
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 (₹)
Foundation For Excellence India Trust (FFEIT) Education Scholarships Karnataka 95 658,104,660 660,524,997
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Vidya & Child (Project under JPNMT) Education Learning Centre Uttar Pradesh 91 53,857,742 62,289,896
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Christel House India Education School Karnataka 88 250,461,000 254,914,000
The Akanksha Foundation Education School Ops Maharashtra 84 803,697,066 740,313,267
Indian Dreams Foundation (IDF) Education Learning Centre Uttar Pradesh 75 1,415,740 1,400,398
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Nabadwip Bakultala Vidyalaya Praktan Chhatra Sammilanee (NBVPCS) Education School West Bengal 62 1,805,618 2,329,936


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