Nonprofit · EIN 45-2509939
AKHUWAT USA
Tax-exempt · TORRANCE, CA 90505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,485,421 | $2,763,549 | -$1,278,128 | $85,368 | $0 | $85,368 |
| December 31, 2023 | 990 | -$143,371 | $9,238,877 | -$9,382,248 | $1,363,496 | $0 | $1,363,496 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,485,213
- Program service revenue
- $0
- Investment income
- $208
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,526,264
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $150,000
- Salaries, compensation and benefits (total)
- $177,428
- Professional fundraising fees
- $0
- Legal fees
- $5,649
- Accounting fees
- $13,947
- Program services (functional)
- $2,677,099
- Management and general (functional)
- $86,450
Balance sheet and other
- Total assets, start of year
- $1,363,496
- Total assets, end of year
- $85,368
- Total liabilities, end of year
- $0
- Net assets, end of year
- $85,368
- Net assets without donor restrictions
- $85,368
- Gross receipts
- $1,485,421
- Employees
- 0
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AZHAR HAMEED | President Trustee or director | 20 | $0 |
| SANI H PANHWAR | Treasurer Officer | 5 | $0 |
| FAROOQ AZIZ | Secretary Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AZHAR HAMEED | President Trustee or director | 20 | $0 |
| SANI H PANHWAR | Treasurer Officer | 5 | $0 |
| FAROOQ AZIZ | Secretary Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 24586 HAWTHORNE BLVD STE 104, TORRANCE, CA 90505-6858
- In care of
- % SANI PANHWAR
- Mailing address (990-N for 2019)
- 21250 Hawthorne Blvd Suite 500, Torrance CA 90503
- Principal officer (990 for 2024)
- AZHAR HAMEED, 21250 HAWTHORNE BLVD 500, TORRANCE, CA 90503
- Principal officer (990-N for 2019)
- Azhar Hameed, 4726 VIA CORONA, TORRANCE CA 90504
- Signed the 990
- AZHAR HAMEED, President
- Phone
- (310) 920-5858
- Website
- www.akhuwatusa.org
- Return prepared by
- S & A Associates Certified Public Accountants
Mission
TO HELP POOR TO START SMALL BUSINESS PROVIDING SMALL LOANS
Program accomplishments
- HELP POOR TO START SMALL BUSINESS PROVIDING SMALL LOANPROVIDING EDUCATIONAL OPPORTUNITIES TO THE POOR AND NEEDYExpenses $2,677,099 · grants $86,450
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2509939
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $85,368
- Income (IRS master file)
- $1,485,421
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | -$143,371 | $9,238,877 | $1,363,496 | IRS |
| 990 | December 2022 | $3,836,378 | $3,716,097 | $10,745,744 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Azhar Hameed | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about AKHUWAT USA
- What is the EIN of AKHUWAT USA?
- The employer identification number (EIN) of AKHUWAT USA is 45-2509939.
- Is AKHUWAT USA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to AKHUWAT USA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AKHUWAT USA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AKHUWAT USA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AKHUWAT USA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AKHUWAT USA?
- The 990 for the year ended December 31, 2024 names AZHAR HAMEED.
- Who are the officers and directors of AKHUWAT USA?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does AKHUWAT USA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,485,421, expenses of $2,763,549 and total assets of $85,368 at year end.
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