Akonda Ministries Inc

Nonprofit profile at a glance

EIN
822440948
IRS 990 coverage
2024–2025
Forms available
Form 990 2025, Form 990-EZ 2023
Location
Lawrenceburg, KY, USA
Phone
5024395464
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Relief
Affiliation
Christianity

Official website

Reported finances

Revenue
$336,564
Expenses
$335,483
Assets
$42,611
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • NATHAN WINGFELD (PRESIDENT)
  • ROBERY CARNEY (VICE PRESIDENT)

Highest reported compensation

  • NATHAN WINGFELD (PRESIDENT): $26,390 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Akonda ministries empowers the people of malawi to thrive through faith-driven development and sustainable initiatives that equip individuals to break the cycles of poverty. Rooted in long-term relationships, we listen to local needs and work alongside malawian leaders to create lasting impact. Our work includes career training and business development, rural medical facilities, school support, and strengthening local churches towards self-sufficiency. We also distribute bibles, provide disaster relief and emergency food assistance, and collaborate with our malawian team to host mission groups, medical teams, and supporters who visit malawi to engage in this work. Through these efforts, we share the gospel while fostering hope, dignity, and sustainable progress in the communities we serve.

What it reported doing in 2025

Community development - we continued to share the gospel while we trained and graduated students from the career training centers, furthered construction at the chipande medical clinic by starting the maternity hospital, provided disaster relief and emergency food assistance, distributed over 4000 bibles, improved school facilities and provided school supplies, supported local churches with their community outreach, provided mission and medical trip opportunities, and worked alongside leaders in malawi to continue with sustainable initiatives for future growth and development.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 80
  • Accountability: 70
  • Sustainability: 32
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.4%; rating input score 88
  • Program expense ratio: 88.7%; rating input score 89
  • Fundraising efficiency: $18 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 22nd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.3%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 7.9%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: -8% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 29% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: -25% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 88.4% of revenue deployed · 88.7% of spending went to programs
  • Governance: 3 of 4 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $298K in reported program spending
  • Leadership: top reported pay $26K · 4 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules · includes major donors and foreign activity
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 52/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.