Kappa Alpha Psi Foundation Inc

Analysis

Kappa Alpha Psi Foundation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1981, 45 years ago. 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, Kappa Alpha Psi Foundation Inc reported income of $2.1m and spending of $1.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $815k to $2.1m (+160%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kappa Alpha Psi Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include The Childrens Community Development Center Inc ($2.1m), Mypath ($2.1m) and Tonka United Soccer Association Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $5.5m against liabilities of $175k, net assets of $5.3m. It reported 1 employees.