Alpha Sigma Foundation

Analysis

Alpha Sigma Foundation is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Alpha Sigma Foundation reported income of $119k and spending of $41k, leaving 66% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $28k to $119k (+317%), an average of +61% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alpha Sigma Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Bowmans Addition Volunteer Fire Company ($119k), Robert and Yadelle Sklare Foundation ($119k) and Saban Charitable Support Fund ($119k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. It paid $9,385 in professional fundraising fees. At year end it held assets of $967k against liabilities of $0, net assets of $967k.