Phi Theta Kappa Foundation

Analysis

Phi Theta Kappa Foundation is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in July 2008, 18 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, Phi Theta Kappa Foundation reported income of $2.6m and spending of $2.1m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $2.6m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phi Theta Kappa Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MS. Charities of a similar size with the same main cause include Prairie View A&m Foundation ($2.6m), Bellingham Technical College Foundation ($2.6m) and Child Development Council ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $486k. At year end it held assets of $16.4m against liabilities of $2.6m, net assets of $13.7m.