Alpha Kappa Alpha Educational Advancement Foundation Inc

Analysis

Alpha Kappa Alpha Educational Advancement Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alpha Kappa Alpha Educational Advancement Foundation Inc reported income of $7.6m and spending of $2.8m, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $6.8m to $7.6m (+12%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpha Kappa Alpha Educational Advancement Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Hill for Literacy Inc ($7.6m), Future Focused Education ($7.6m) and St Annes Episcopal School ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $158k (5.7% of expenses). Other salaries and wages came to $465k. At year end it held assets of $27.5m against liabilities of $135k, net assets of $27.3m. It reported 8 employees.