Lambda Chi Alpha Educational Foundation Inc

Analysis

Lambda Chi Alpha Educational Foundation Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in November 1955, 71 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lambda Chi Alpha Educational Foundation Inc reported income of $2.2m and spending of $1.7m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income grew from $1.6m to $2.2m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2021, when income rose by 196%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lambda Chi Alpha Educational Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include College Foundation at Delhi Inc ($2.2m), Growing Together Preschool Inc ($2.2m) and Nicsa Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $105k (6.3% of expenses). Other salaries and wages came to $402k. At year end it held assets of $17.5m against liabilities of $86k, net assets of $17.4m. It reported 10 employees.