Phi Kappa Sigma Educational Fund Inc

Analysis

Phi Kappa Sigma Educational Fund Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in June 1955, 71 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, Phi Kappa Sigma Educational Fund Inc reported income of $316k and spending of $516k, spending 163% of what it took in. Across the 6 years on record, from July 2019 to December 2023, income grew from $225k to $316k (+40%), an average of +7.0% a year. The sharpest change came in the year to July 2021, when income rose by 255%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Kappa Sigma Educational Fund Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Davis Little League ($316k), Washtenaw Area Council for Children ($316k) and Ayer Community School Inc ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. Compensation of current officers, directors and key employees was $126k (24% of expenses). At year end it held assets of $4.6m against liabilities of $30k, net assets of $4.5m. It reported 1 employees.