Alpha Kappa Alpha Foundation

Analysis

Alpha Kappa Alpha Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Foundation reported income of $197k and spending of $90k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $304k to $197k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 169%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alpha Kappa Alpha Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include St Andrews of Jennings ($197k), Boulder Community Housing Corporation Inc ($197k) and Peter and Paul Housing Corporation ($197k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 54% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.