Phi Sigma Kappa Foundation Incorporated

Analysis

Phi Sigma Kappa Foundation Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1949, 77 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 June 2023, Phi Sigma Kappa Foundation Incorporated reported income of $918k and spending of $609k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $782k to $918k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Sigma Kappa Foundation Incorporated sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Androscoggin Valley Home Care Services ($918k), Norwegian American Hospital Foundation ($918k) and Baker-Hunt Foundation Inc ($918k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $3.3m against liabilities of $42k, net assets of $3.2m.