Alpha Kappa Lambda Education Foundation Inc

Analysis

Alpha Kappa Lambda Education Foundation Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in March 1985, 41 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 2023, Alpha Kappa Lambda Education Foundation Inc reported income of $61k and spending of $67k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $75k to $61k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpha Kappa Lambda Education Foundation Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IN. Charities of a similar size with the same main cause include Bulgarian-American Cultural Educational Foundation ($61k), Flower Mound Parent Teacher Organization Inc ($61k) and Plymouth Creek Elementary Parent-Teacher Organization ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. It paid $8,000 in professional fundraising fees. At year end it held assets of $402k against liabilities of $694, net assets of $402k.