Phi Kappa Theta National Foundation

Analysis

Phi Kappa Theta National Foundation is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in May 1991, 35 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 2021, Phi Kappa Theta National Foundation reported income of $279k and spending of $221k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $488k to $279k (-43%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phi Kappa Theta National Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within AL. Charities of a similar size with the same main cause include Washington State Music Teachers Association ($279k), One Step Ministries ($279k) and Women Who Weld ($279k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 75% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.