Phi Theta Kappa Fraternity

Analysis

Phi Theta Kappa Fraternity is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in September 1956, 70 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 Theta Kappa Fraternity reported income of $794k and spending of $838k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $704k to $794k (+13%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Theta Kappa Fraternity sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within MS. Charities of a similar size with the same main cause include Howard County Agricultural Society ($794k), Ancient Egypt Research Asssociates Inc ($794k) and Hoike-Kauai Community Television Inc ($794k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $1.0m against liabilities of $72k, net assets of $967k.