Alpha Kappa Psi Foundation

Analysis

Alpha Kappa Psi Foundation is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in August 1956, 70 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 June 2023, Alpha Kappa Psi Foundation reported income of $158k and spending of $600k, spending 381% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $914k to $158k (-83%), an average of -36% a year. The sharpest change came in the year to June 2021, when income rose by 395%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpha Kappa Psi Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include Rockwall Rotary Foundation ($158k), Finserv Foundation ($158k) and Merry-Go-Round Nursery School Inc ($158k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 133% of the total. Other salaries and wages came to $240k. At year end it held assets of $5.0m against liabilities of $144k, net assets of $4.9m.