Phi Kappa Tau Foundation

Analysis

Phi Kappa Tau Foundation is a registered charity in United States, based in Oxford, OH. It received its IRS tax-exemption ruling in January 1950, 76 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 June 2023, Phi Kappa Tau Foundation reported income of $2.8m and spending of $1.8m, leaving 38% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $3.6m to $2.8m (-22%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 47%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Kappa Tau Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Immigration Reform Law Institute ($2.8m), AIDS Response Effort Inc ($2.8m) and Breast Cancer Detection Center of Alaska and Charitable Corporation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $158k (9.0% of expenses). Other salaries and wages came to $185k. At year end it held assets of $16.6m against liabilities of $442k, net assets of $16.1m.