Alpha Chi Omega Foundation Inc

Analysis

Alpha Chi Omega Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1979, 47 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 July 2024, Alpha Chi Omega Foundation Inc reported income of $6.5m and spending of $5.0m, leaving 23% of income unspent that year. Across the 4 years on record, from July 2020 to July 2024, income fell from $6.9m to $6.5m (-5.8%), an average of -2.0% a year. The sharpest change came in the year to July 2023, when income dropped by 20%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpha Chi Omega Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Apalachicola Bay Charter School Inc ($6.5m), Center for Education NJ Inc ($6.5m) and Friends Academy Inc ($6.5m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 75% and program service revenue 0.4% of the total. Other salaries and wages came to $947k. At year end it held assets of $33.8m against liabilities of $1.2m, net assets of $32.6m.